Australian Stock Report - Share Tips

Share to sell - Oz Minerals (OZL)

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Publish date: Wed, 05 Aug 2015, 10:51 AM
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Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.

Oz Minerals chart

A recommendation to sell OZL is based primarily on the weakening gold price.
Gold price forecasts have been slashed across the board, by between eight and 14%.
This has been done to reflect expected US rate rises and lacklustre demand.
Technically, OZL is in a downtrend, having sold off from $5.10 in May to presently be trading near support in the $3.70 region.
The EMAs are bearish, momentum has turned bearish and the stock is not yet oversold.

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The post Share to sell – Oz Minerals (OZL) appeared first on The Best Shares to Buy.

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