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bling94

Breakout imminent?

Long
OAR RESOURCES LIMITED (ASX:OAR)  
bling94  
ASX:OAR   OAR RESOURCES LIMITED
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
Ascending triangle
Trading above 50 EMA
Momentum increasing on stochastic, RSI and MACD
MACD showing uptrend
Orange lines showing regular divergence - loss of momentum leading to false breakout (reversal)
Yellow lines showing hidden divergence - continuation of uptrend
Currently no sign of reversal (regular divergence)
Wait and see if price can breakout on increased volume
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