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If OXB continues to head higher, then the target
is the height of the Head in the H&S pattern
formed on the monthly chart.
The Head and Shoulders pattern since 2008 has completed.
If the breakout continues, the target is 1264p.
Backed by substantive news, makes OXB, in my opinion, a strong buy. DYOR
After multiple tests of resistance,
it looks as if OXB is going to break 11p and move higher
$OXB A six month consolidation before a bullish move this week.
Formed a symmetrical triangle with 3 touches on each side before the breakout.
A clear breakout for OXB
However, can it sustain the upward
momentum and break past 13p and head towards 20p.
Has broken above resistance in late 2015 (1)
RSI and MACD are heading the right direction (2)
and Moving averages are in alignment (3)
Month's in the waiting, like the look of this one now, but waiting for a drop back (handle?) in seeking the optimum entry point. Potential cross of 200MA not too far away now as time progresses. RSI & MACD turning, so good chance of seeing the drop back. 3.60 and the 50MA looks good to me.LSE:OXB