Today's low were down and tested the 219 level and with a close of 222.05 up 1.1% from yesterday that was a good indication that the 219 level is strong. Today the 230 resistance level was tested as well without any breaktout through that level. Looking at the RSI chart we see that there is still room for further fall before RSI will test the rising support line. If the 219 level fails OSEBX will find the next support level at about 211-212 as is also supported by the RSI trendline. To draw any big conclusions now is difficult but as the rising trendline seen for the RSI is still valid we can say that there is a positive sentiment for OSEBX at the moment. It will be important for the traders to pay attention to this RSI trendline. If the trendline fails it will be a strong negative signal that could indicate a further fall towards 204 and 184.
SB
