On Friday 6th OSEBX closed at 233.44 up 3.9% from last trading day. High and low for the day was 233.47 and 224.72 giving us a daily range of 8.75. We see that today's close was at the 233 resistance level indicated in the chart, and we are now back where we were 7 trading days ago. On Monday we will see if the 233 level could be broken and if it does 236 is the next resistance level to look for. Further on the up-side we have 238, 245 and 254 to pay attention to. On the downside look for 229, 226, 223, 221 and 218. We are still waiting for the big push up or down as indicated from +DI and -DI. ADX are showing very low values indicating sideway movement for OSEBX. RSI is showing strengthening and give room for further rise for OSEBX but also the possibility of falling back to the rising support trendline. Combining the price chart and the RSI chart it seems that 233 is a very important level as last RSI high was more or less at today's levels which also correspond to the 233 level seen in the price chart. Monday's close will be very important to pay attention to. If the 233 level is broken this could lead to "the big push" that we are waiting for (see past published analysis for further information regarding this). Pivot points coincide to some degree with the levels we see in our price chart and an opening higher than 230 tomorrow would be positive.
Happy trading!
SB
