OZL has shown an impressive rally since the end of March 2020, and I believe the trend has changed and OZL will advance further up and we may see much higher prices in the days to come.
Nothing goes up in a straight line, so since price have been moving up we have not seen a decent retracement, so I believe any retracement lower could be a good Buying Opportunity.
We might see some kind of profit taking as the RSI reading is in the Overbought region, so any pulback lower ideally in the Buy Zone between $11.90 - $13.60 range could be a great Buying opportunity.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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As price has been making Higher Highs, MACD is indicating Bearish Divergence and so is the RSI showing Bearish Divergence. Today's price action shows that OZL has started to roll over to give a good Buying Opportunity lower.
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OZL has started to pull back nicely. I think we may see a deep pull back, may be to the Buy Zone between $11.90 - $13.60 range which could be could be a great Buying opportunity.