Osim: the stock has enjoyed a decent ~18% rise from the recent through over a span of 3 wks. It is now approaching an area of resistance at the $1.30-1.35 levels, which it failed to breakout off in the previous 2 attempts. Stochastics and RSI are approaching overbought levels, and the odds favor a mild pullback toward the $1.25 levels (bottom of the runaway gap) in the near term.
If this plays out, this may provide an opportunity for entry. A golden cross is just forming (50 MA cut 200 MA) which is generally a bullish signal. Moreover, the higher low in early Mar ‘12, vs late Dec ‘11 suggests the longer term outlook has turned more positive as well.
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