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Online Share Trading

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Can anyone explain the dip

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Not applicable
Can anyone explain the dip/dive yesterday, I am new to trading and was surprised to see OML dive yesterday. I know Dubai has had an influence but today OML recovers. I did read somewhere that Dubai is selling off some assets to raise a few million so maybe this is positive news.
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3 REPLIES 3
Russ
Super Contributor
It was the Dubai story.It appears to be on support at 13.I would expect it to move up from here as it is very oversold.Hopefully the bad news is all priced in and it will start moving up.My advice again is to ALWAYS have an exit strategy when you buy.Everyone takes losses but it is the big losses that will wipe you out.If you buy on support you should sell if the share closes below that support.omo
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Not applicable
Thanks, I see it closed higher today so it shows a bit of upward movement. Thanks for the tip and happy trading.
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sponono
Super Contributor
Any one watching this battle today?
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