OGX Chart, page-121

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Jmax88

132 Posts.

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17/04/18

08:22

Post #: 32495369
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Originally posted by Jmax88 ↑

Shield your eyes Q man, I'm doing that "technical analysis" thing again.

A beautiful pivot point reversal is unfolding at key support. Personally, I would like to see it trade above 9c on Monday (highly likely) to confirm the move.

I would almost call this a textbook reversal:
-Tightening daily ranges
-Tree shake at selling climax on considerable volume (stop losses)
-Pivot point reversal with confluence on considerable volume.

Something I've learned from this is the importance of having a soft stop-loss with this type of stock. If I had a hard stop, I would have been stopped out with everyone else on Thursday.

We're not out of the woods yet, next week will be pivotal both technically and fundamentally.

View attachment 1058233

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Pattern confirmed. I topped up.

Interestingly, we made the exact same gap up as in February.

OGX Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
14 Upvote

5 Great analysis

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OGX Chart, page-121

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