OIP closed above the important level of 12.5c today. Grab the daily chart and what do we discover about 12.5c? We see that OIP bounced off 12.5c on 15,16,17 and 31st of January, 1,5,6,11 and 12th of February and 28th April.
Hit 12.5c ten times this year and then moved lower. 12.5c acted like a brick wall.
Today it went straight through 12.5c and closed at 13c.
calling momentum traders resistance broken
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