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Ask SHARK or BALANCED VIEWS Poddapodda2 wrote:what will happen.....???????
OzTRADER wrote:SHARK
BALANCED VIEWS
NC ETC..................., PLEASE ADVICE ON OSEA N
http://forum.srilankaequity.com/t36495-technical-journal-book-of-ncNC wrote:OSEA .N - Analysis Cont'dNC wrote:OSEA.N - analysis
I have recently, notice most members are talking and asking about osea.n. So, I decided to do a analysis on my personal view.
Based on elliotwave; I think its runs the 5th wave (5W), and target for the 5W is 28.(2.61 ext). And you can see the elliot wave channel. Its also, warns the end of 5W soon.
This is the Pitchfork anlysis..
According to the pitchfork, the 1st target is 26 (ML), sucessfully hit. Then the UML target is around 30, as at today.
So based on those two analytic shows one target 28-30. And after target, I think osea'll do some correction soon around 22 - 24.
NC wrote:@ Oz, first you need to understand that the trend is still bullish and there's no sign of correction. (Above one for specially for targets). So, after it did such correction, we can say it. And it depend on the trough.
However, there is not much correlation of ASI and OSEA. So, if ASI down it couldn't much relate to Osea. And, Osea is fundamentally strong, and current macro-economical conditions are also in favour of Osea. So, based on above two we could hope it will make new highs in future...
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