Otto Marine - A series of BUY CALLS on breakout, now at 0.046

Is it heading towards our target at 0.050 ?

Sent: Tuesday, April 14, 2015 12:37 PM
Subject: ********************* Bullish Setup: Otto Marine - Consolidating before a further breakout, indicators positive, price 0.044

From yesterday’s call, may consolidate from 0.042 to 0.045 now. Note that clearing of 0.045 sellers can be more confirmation of it pushing higher to 0.050 then 0.060. At current level, has just crossed above the 100 day MA line which can suggest a longer term trend change to upwards. As long as 0.040 – 0.042 remains as the new support, a breakout above 0.045 seems likely with volume still maintain as of now. Raise stop loss to 0.044 on a further breakout.

Sent: Monday, April 13, 2015 2:47 PM
Subject: ********************** Bullish Setup: Otto Marine - Breakout seen above 0.040 on top 30 volume, indicators positive, price 0.042

Otto Marine has cleared above the psychological 0.040 resistance which it has broken down and traded below since February. At current levels, it has also crossed above the downward sloping channel resistance line which can signal a trend change finally. 20 day MA line on the verge or reversing upwards with it showing strong volume. All 3 indicators positive with MACD showing strong momentum buy turning positive after a bullish crossover. Target to 0.050 then 0.060 in the near term as long as it holds above 0.040 now, stop loss at 0.038.