Tuesday, January 21, 2014

Otto Marine (technical)

Otto Marine: share price has been trading between a tight $0.08 and $0.086 range, and indicators have flat lined. Prefer to wait for a breakout in either direction, then ride the trend. On a break up, next resistance is $0.10. Conversely, on a break down, support is at $0.075 (near the 50 day MA).

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