OncoSec Medical Inc (ONCSQ)

[123tom]

Bullish wedge pattern...maybe ...

I dont look at that wedge as something so important as I do the head and shoulders pattern, or the strength of that left shoulder support zone....(41-58 cents) from January/Feb . That 41 cent 'bottom' remember how tough that was to break? I do because Sal was Screaming at me when I was trying to show targets at 36 cents...LOL (those where great days for me....my ears are still ringing from the beating...) but all in good fun. I was wrong on that forecast. more of a caution than a prediction. but 41 cents held like a rock.
This chart looks like 41 Really needs to do it again.
This zone, from 58-41 has got to show some strength. or else, the targets lower will be hit. but above now, are alot of resistance points, a waterfall of moving averages sliding down, from the 70 cent zone thru the 60's....the 200 ma around 55 cents held as strong resistance like I feared it could. so now theres a battle here, between 41 and 58. and whatever other support /resistance points come into play.

It will be a great battle, with bulls winning a round IF we see this zone in the 40's hold and rally back to 58. But the fight remains, to see what resistance at 58 offers. IF the stair steps go up and a rally makes higher highs, step by step....theres more resistance around the high 60's and 70 cent area to worry about.

Before all this plunging down started, when 70 cents was holding for the longest time...I planned to take some profits at the 90 cent top zone. Now I need to do some technical selling around 67-70 zone, if I want to play the technical trade with some shares. Ive got trading shares and core shares.

My trading shares I might sell some around 65-70 resistance...buy back more around 56 (200ma) , and play the game.

Somewhere in the picture that falling wedge pattern might show a breakout....but the way I see the chart is more about support and resistance levels. the bollinger bands seem to show targets as well.

It would be nice if that 41 cent bottom becomes Magic again.

I think Sal would hate it if we plunge to 36 cents.... I'll have to come in and say...."see Sal, I Told You...MOFO." but just kidding of course.
I missed the call back in February. and this time I'm just going to pray alot. for 41.



http://stockcharts.com/c-sc/sc?s=ONCS&p=W&b=5&g=0&i=p89786012814&r=1406769208307