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Orient Overseas (0316.HK) Tests Range Top 2021-12-15

360MiQ 0

Orient Overseas (0316.HK) bounced off MA10 and once again challenges the yellow trading range top. However, Baltic Dry Index turned away from its own blue range top, which means the shipping rates are not hiking as fierce. So, we may want to wait for 316 to break above the yellow range top before calling the shot. MA10 and orange up-channel bottom are the up-trending supports.

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