Precious metals related names have mostly been flogged to death, but one that we have liked, Osisko Gold Royalties Ltd. (OR) is showing constructive action. After a massive outside reversal and shakeout last Friday after the company reported earnings OR also posted a pocket pivot. It has held support along the 50-dma, along with the other two moving averages where Friday's pocket pivot occurred. The 50-dma serves as near-term support and a reference for a tight selling guide. We note that precious metals are getting a bid today at month-end.
Pocket Pivot Review - Osisko Gold Royalties (OR) 1/28/23
Published: | 28 Feb 2023 12:22 ET |
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