My current thoughts on OMG at the moment. What do you all think? Let me know my good peoples
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Eventually went with option B for a good short. The first signal was when price gunned the stops above 0.001960 and quickly fell back into range. Note how we were already at the top of the weekly range anyway, so price was more likely to come back down. Second signal was when we fell out of the daily range low, RETESTED it and continued downwards.
I will follow OMG a little closer next days :-) Don't want to miss out the potential breakout :-)
ajayramkisoen
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I have about the same projections. Looked at a 1day chart where i can see moving averages showing an uptrend (20EMA is above 40EMA and 50MA crossed above 100MA three days ago and 150MA also showing an uptrend). Force index and stochastic also in good positions. Am waiting for parabolic sar and macd to confirm volume.. I do see the bullish pin on may 7th tested the resistance at 20EMA and tested support on 40EMA. Just wait and see how the candlestick closes today (hopefully another bullish pin) and then if next candlestick goes through resistance (and par sar and macd confirms) we can see it going to 2100 :-)
Vaxzem
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@ajayramkisoen, I agree man. Lots of air around that level that price still hasn't filled in. We could possibly see a strong bullish move to fill in that area once we get to that level.