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Monday, March 21, 2016


OUE - 21st March 2016

OUE after hitting the historical low of $1.60 on 12th Feb 2016 it had managed to edge higher to touch $1.695 on 14th Mar 2016. This is rather bullish.

The current price of $1.69 is hovering above the SMA lines which is generally quite positive.

Also both Macd & RSI indicators are showing sign of a positive divergence which may provide further indication that the share price may continue to head higher.

Short term wise look out for a nice crossing over of $1.70 with good volume that may propel to drive the share price higher towards $1.81 with extension to $1.895.

(trade base on your own decision)

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