Tuesday, March 1, 2016

Osim: BREAKOUT SPOTTED live in the morning!!!! Breaking above our first target at 1.20 now?

Volume building up with momentum seen… were you notified? Now at 1.205

Sent: Tuesday, March 01, 2016 9:51 AM
Subject: **************** Osim: Bullish Inverse Head and Shoulder seen, with breakout above 1.12 resistance spotted.
Osim has staged a breakout above the 1.10 – 1.12 resistance level which is also the neckline resistance of the Bullish Inverse head and shoulder pattern seen. This can see some short term upside towards 1.20 then 1.30 with the 20 day MA starting to reverse upwards as well. Volume on breakout not as high as expected but still a price action to note. Overall trend is still weak in the long term and may start to see some selling pressure again as it approaches the 1.30 KEY resistance level so good to take profit along the way.

No comments:

Post a Comment