OEX 20.0% 0.6¢ oilex ltd

oex.l has just reached 5p, page-9

  1. 1,322 Posts.
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    So far for 5.5 hours of trading, the daily chart is looking very good and very strong with a nice consolidation initially below 5p then breaking the 5p and consolidating above this level. This is a very important and good sign for a further move up.

    Also from a technical analysis point of view, it is very important that the trading volumes with a price increase should be increasing as well. For example, yesterday ~10mln shares were traded in the stock, today it is already almost 15mln what is almost 3 times higher than the average trading daily volumes in the stock for the past 3 months.

    Also a weekly candle at this stage is looking very strong supported a good volume.

    In summary technically the stock is looking VERY STRONG for the end of the trading day and for the beginning of the next week.

    irynka
 
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Currently unlisted public company.

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