Gary Glover: OSH Bullish break of ascending triangle | Gary Glover | Finance News Network

Gary Glover: OSH Bullish break of ascending triangle

by Gary Glover

OSH has made a bullish break of an ascending triangle.  The break above $6.00 is a key resistance point and typically these triangle breaks can run pretty quickly after making these breaks.  AGK made a similar break of the $15.00 region recently and took off sharply.  Measuring the height of the triangle gives us a 70c target so a move towards the $15.70-15.90 is most likely.

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Gary Glover is an Authorised Representative (Rep No. 259215) of Novus Capital Limited ("Novus"). Novus is a holder of Australian Financial Services Licence No 238 168. Novus, its directors, officers, associates and employees each declare that they, from time to time, may hold interests in financial products and/or earn brokerage, commission, fees or other benefits from financial products mentioned in this e-mail or attached documents. Unless specifically stated within this page or an attached document, any information communicated by this e-mail constitutes unsolicited general financial product advice which has been compiled without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you need to consider the appropriateness of this information having regard to your individual objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are summarised and also may change without notice to you, particularly if based on past performance or relate to a future matter.