ORS 0.00% 1.3¢ octagonal resources limited

massive 20% loss in first week of trading, page-3

  1. 5,483 Posts.
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    With the Company (ors) atm pegged to the price of gold imo, it has started its trading life in a down trend.

    If I was buying in, IT would be best to work with the price of Gold....

    One could average in, initially, I would look for support around 16.5c-18c thats then to establish a trading channel between 18-25.imo (The only point to work on is 25c and the trend, down, imo)

    As I said the price of gold dictates atm and only positive News from the Company will give a share price spike until surety comes back to gold.imo

    I missed the IPO but was surprised when the sellers came immediately below 25c from the getgo.!

    Whats around the corner as far as News go.

    Sm








 
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