Oriental Carbon & Chemicals: Is Something Great Brewing?
Updated
-Stock already up close to 15% since first post.
-A potential triple inside day brewing, depending on today's range.
-Volume drying up as the stock has corrected over the last three days, indicating dearth of sellers.
-Stock bouncing nicely off of 50 day EMA. It's a strong support.
-Showed great relative strength on the day when there was blood on the street.
-If the stock forms a triple inside day candle today, it could see a rapid move to the long-term trend line (orange).
Not an investment advice. Do your own DD.
Disclosure: Invested.
-A potential triple inside day brewing, depending on today's range.
-Volume drying up as the stock has corrected over the last three days, indicating dearth of sellers.
-Stock bouncing nicely off of 50 day EMA. It's a strong support.
-Showed great relative strength on the day when there was blood on the street.
-If the stock forms a triple inside day candle today, it could see a rapid move to the long-term trend line (orange).
Not an investment advice. Do your own DD.
Disclosure: Invested.
Trade closed: target reached
Triple inside day didn't happen. Stock moved up nonetheless. Closing this trade as I've already posted about it twice.
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