OUE (technical)

OUE: Share price has tapered off over the past couple of days, but so long as it stays above the $2.70 support, the near term technical outlook continues to look positive. Both the 20day and 200day moving averages still tilted up, while RSI and MACD are above neutral and climbing. The technicals now appear to favor a test of the $3 psychological resistance level, compared to firm support at the $2.60 level.