Wednesday, October 2, 2013

Ossia: Ready for higher ground?

Ossia $0.525, previously many punters are going after this stock when the volume is very high, after a few weeks, i guess many retail player as quiting by now. Especially those people who do contra trading. Today we see this as a good entry point for Ossia as the Chart show a side way consolidation awaiting for a breakout. If the price is not falling below 0.49, it means that those share holder who buy up from 0.18 to 0.60 is still stuck with the paper gain and not selling yet.

With the low volume today, seems like they have to make this stock interesting again in order to unload, or else the other alternative is to sell at a lower price(Giving back the profits). Mid term trade(2weeks - 2 month), stoploss if drop below 0.49