Good volume and breakout into 5 month high today. recent news on patents coming into the market and more liklihood of actual products coming onto the market. One to watch.
OCC has been quietly moving over the last week or so on steady accumulation. Likely news out within the next few weeks which should send this well above 60c if positive or promising further results in the ongoing research into regenerative medicine.
Today was a test for OCC, and it rejected lower prices around 52c. Now set for the next range up to test upper resistance around 58-60, but with any spec of news coming out, this is likely to blow over to the 60-70 range or higher.
Looking at an Ascending triangle, which will hopefully push on up. Based on the current set up, Fib level of .318 has been used as both support and resistance previously. If it does break this support, 61.8 Fib is still in play and will hopefully move on up the trend line as support.
Profit taking opportunity presents at $0.65c if this does come to fruition.
hey traders,
looking at this to be almost the start of a large upmove. on the weekly we have a break of the previous TL. following, a running flat. with the potential of a running flat complete we now have our first (potential) impulse away and hourly flat pattern. i am in. holding for upside move.
regards,
MIC
