On Monday, Osim re-test the resistance at $1.73 and closed at $1.70 with HIGH volume of 2.68 million shares traded.
Both RSI & MACD are bullish though RSI in overbought region.
Important Resistance of Osim: $1.73
Immediate Support of Osim: $1.56
Currently prices are well above the 20/50/100/200 days MA.
Prices have been roaring with high buying pressure since 16/Oct. This is a bullish signal.
The resistance at $1.73 is expected to be strong.
We would not suggest to buy Osim now
- RSI at overbought region
- Prices near the 3 year old critical resistance at $1.73
- Investors are likely to sell on news since there has already been huge buying pressure before that.
Thus we would suggest to sell Osim at $1.73 resistance if vested.
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