Oystertec.......a good value play........

Look at it! This morning it intends to break out of this level.

What Techanlayst said is right in case of a downward trend and the bullish engulfing white candle stick pattern, which Mike mentioned in an earlier post. But, there is an other rule in candle stick charting: A white candle stick, confirmed by an other white candle stick is also bullish. It is going to form 2 or even a 3- white-soldier-formation. This is aswell one of the most bullish indication in chart analysis. So we need t wait for the confirmation. If an other white candle stick following the first one today, then it is a bullish sign.

However, it looking good that OYS keeps this price level, crawling ahead in small but stable steps. Once it break the 20p an important psychological price level, surprise is surely to be a good one, for it to reside so long in this price range.

If investors would have patience and really want to let price go up a little further, they would not sell by this price level, for the sake of conserving OYS momentum. IMHO