Closed Early

OceanaGold Corporation Limited

January 28, 2020 - 6 months ago
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Action Buy
Term 30 Days
Called At $2.70
Target $3.40
Current Price $2.97
Performance 10.00%

Technical outlook – We have been waiting to act upon the right technical signals, for this share price, to which, from the recent two failed attempts at the $2.50 level now seems the timely approach too.

Following the leading indicators, Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) pattern, should give us further guidance to support a potential target located at $3.10, which may extend to $3.40. Any pullback views the $2.50 as an opportunity to buy.

Company Overview – OceanaGold Corporation Limited (OGC) is a gold producer with a portfolio of operating, development and exploration assets. OGC’s assets are located on the South Island of New Zealand and in the northern Philippines. Former Names: Oceana Gold Limited (OGD), 19/06/2007.

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