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
OEX Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held