OSB has reached a 19.46 low this summer and since then it has formed an ascending triangle Last week stock has been bought aggressively as seen on the volume chart and managed to breakout the resistance at 25.11 RSI is slightly being pushed now into high levels so ideally could wait for a successful retest of that line, but somehow I have the feeling this could be related to ER on the 31st OCT Anyway the measured target is at 30.76 Good Luck, TA
Hi! Don't you think yesterday news may affect and force the price down?
RA_Capital
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@germanpbv, sorry was very busy yesterday,
i don't think so , market is now focused on earnings season so will look forward for the 31st OCT when they come out with the numbers
if you are long but getting nervous you can always take profits, no shame in doing so (already half way to the target)
or what you could do also, if long stock take profit and buy OTM calls with strike close to the target
since options are only available for the CANADIAN listing you will have to take into account the FX