Having broken the $0.3690 level on May 7, $OM made a new low 10 cents above the $0.35 level that I had previously stated as the first target. So, will this low be a major low?
I do not see any signs of this in the last two days of price movements. If the price makes a new low, I will need to review my analysis and update it according to the latest situation. I continue to maintain my position that I opened in the spot market at $0.38. I will continue to buy gradually until the $0.20 level.
It is useful to state again that I am bulish in the medium term but bearish in the long term. It will take a long time for $OM to regain the trust of investors.
