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OII forms 20 Day Moving Average Resistance on October 27
OII closed down 1.65% on Monday, October 27th, with volume running 1.2× above average. Multiple bearish signals emerged — 20 DMA Resistance, 50 DMA Resistance & Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 22.79, 22.38 & 21.76, with resistance at 23.82, 24.44 & 24.85.
Current SwingTradeBot Technical Rating of OII: D
Just a sneak peek — check SwingTradeBot.com for the full story on OII.
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