trade: OCO.AX - ORIEL COMMUNICATIONS

its been a while since i posted a stock trade, so here's another one.

my previous trade examples were done using candlestick charts.
this one uses a closing price line chart.

often different types of charts give slightly different pictures.
but as long as you are consistent with each trade, you can use any method you choose.

i like to vary my trades.
perhaps this is because i am still only learning. I've only been doing this about 5 years.
perhaps it is just my nature.

anyway this trade of OCO.AX is a typical breakout.


I bought today at $0.02, my stop is previous resistance at $0.017.
i have limited my position size because this is a highly speculative trade, and the initial risk/reward target is not the best.
but these breakouts usually have a high success rate.

Code	Buy	Stop	Target	Risk/Reward	Comments
OCO.AX	0.02	0.017	0.025	0.5c/0.3c	line breakout