$JSEOCE - Oceana: Testing Double Bottom Neckline Resistance
See link below for previous analysis.
Oceana traded bullishly as previously forecasted.
The stock has found resistance at the Double Bottom Neckline zone between 7450 to 7990 cps.
Price has consolidated at this range which indicates that the bulls do not want to give the initiative.
A clear break beyond 8000cps, preferably on high volume, will validate the Double Bottom and could take the stock towards 11800cps.
This is more of a buy and hold stock so I will remain bullish as long as price is above 4148.
Oceana traded bullishly as previously forecasted.
The stock has found resistance at the Double Bottom Neckline zone between 7450 to 7990 cps.
Price has consolidated at this range which indicates that the bulls do not want to give the initiative.
A clear break beyond 8000cps, preferably on high volume, will validate the Double Bottom and could take the stock towards 11800cps.
This is more of a buy and hold stock so I will remain bullish as long as price is above 4148.
