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Oracle Coalfields at 2.6p - Failed Gap Fill Rebound Targets 3.5p

By The Closet Chartist | Friday 22 November 2013

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

One of the best technical / charting signals around, and one that is still relatively obscure in terms of trader / investor knowledge is the unfilled gap to the upside through the 200 day moving average. This is wha we were treated to at Oracle Coalfields (ORCP) in September after an extended base over the previous year between 1.50p and 2p.

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