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
ORS Price at posting:
17.9¢ Sentiment: None Disclosure: Not Held
