By Michael Gable
Share markets are directionless at the moment, but there are still some clear moves under the surface. We looked at the FLT chart last week and travel stocks have since hit the front pages again and could have further to go. This week, we see a breakout opportunity in OZ Minerals ((OZL)).
OZL has been trending very well since the March low. Most recently, after the February peak, it pulled back to form a bull flag and sit on top of the January high. It is now breaking from the flag and is therefore resuming the uptrend. Current levels are therefore a buying opportunity.