OST 0.00% 86.5¢ onesteel limited

up nearly 40% in 3 days, page-15

  1. 8,134 Posts.
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    Okay im more then likely wrong again BUT it deffenatly looks like the start of a trend reversal, its had a massive run of late and now looks like time foe a pull back.

    Sell orders now nearly outweigh the buy depth, selling pressure has been fairly consistant all day.

    If it breaks down below $1 then it could stop anywhere but im predicting 87 - 88.5 cents which proved to be some pretty heavily resistance in the last 5=6 months and could well prove to be new support.

    Its been a huge run and id say a few are happy to now start taking profits.

    Will be interesting to see where it ends up today but by the look of the sell depth which is increasing id say around .99 - $1.01
 
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