OSH 0.82% $7.35 oil search limited

osh fibbenacci, page-7

  1. 5,816 Posts.
    re: osh fibbenacci ... brigadier Hmmm... unable to see your price target of 112c ???

    As the chart shows, OSH is currently in a downtrend with no evidence of any upside reversal.

    RSI triggered late July but rally didn't confirm until 080802 following nice convergence and price b/out.

    The 240102 high at $1.50 was the start point of our Fibonacci study and as we observe the 23.8% ($0.87) level from the $0.67 low, we note this has been tested and failed several times.

    Resistence at $0.84 occured in June/July and was a feature in the last two weeks as this stock struggles to overcome the long term downtrend to next support at previous $0.67.

    RSI reversal triggered (020902) and confirmed by negative retracement from 23.8% Fib.

    IMHO it would take some positive ann to the market before any suggestion of a positive retracement.

    The chart looks like this...

    Cheers ...

    This is only my view ... read the red stuff.
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Mkt cap ! $11.20B
Open High Low Value Volume
$7.23 $7.37 $7.21 $42.73M 5.840M

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No. Vol. Price($)
7 124820 $7.34

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Price($) Vol. No.
$7.35 202339 8
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Last trade - 16.10pm 13/12/2019 (20 minute delay) ?
0.060 ( 0.83 %)
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Last updated 15.59pm 13/12/2019 (live) ?
OSH (ASX) Chart
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