Bank Ozk (ozk) Recovering - More To Come?

Discussion in 'Investment Charts' started by gowiththeflow, Jan 20, 2019.

  1. gowiththeflow

    gowiththeflow Senior Investor

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  2. longtermbull

    longtermbull Administrator Staff Member

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  3. gowiththeflow

    gowiththeflow Senior Investor

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    There is some decent upside if the shares were to get back to anywhere near their recent high. Might we see a slight pullback in the share price after the sharp spike?
     
  4. Buyonthedips

    Buyonthedips Senior Investor

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    Next resistance around $37 so might be some upside potential in the short term without too much bother - in a good market with a healthy tailwind :)
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    If I was a gambling man I would suggest that these shares are consolidating ahead of a run upwards through all of the lines of resistance. Even though the shares have been fairly quiet for a short while, there is no sign of sellers getting the upper hand.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    Wow that is a complicated chart! We need to see a significant move below $30 or above $35 to get an idea of any new trend forming.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    It looks as though the shares will test $30 before they test anywhere near $35. I often find my greatest challenge when buying into small stocks with a great graph shape is knowing when to sell up and bank a profit as they move higher. Like many investors I often hold on too long for that extra dollar or two :)
     
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