Saturday, January 24, 2015 7:12:57 PM
OCLG chart talk:
had a very strong week and the chart tells the story. it shows strong buying (stochs, williams), pressure at the ask (cmf), momentum (ppo, macd), accumulation (a/d), 5/10/20/50 ma's in line, and recent technical tests of the fast support line at 5ma and the heavy support line at the 200ma. what's not to like? might see some more churning and a test of the 10ma, but that will also be a retest of the 200ma. news should send this.
given how this has had the fib retracements to .0062 and .0054, i'm suspecting the same fibs going the other way may be in the making. that makes .012 the target, with an intermittent pit possibly at the 100ma of .01 on the weekly.
had a very strong week and the chart tells the story. it shows strong buying (stochs, williams), pressure at the ask (cmf), momentum (ppo, macd), accumulation (a/d), 5/10/20/50 ma's in line, and recent technical tests of the fast support line at 5ma and the heavy support line at the 200ma. what's not to like? might see some more churning and a test of the 10ma, but that will also be a retest of the 200ma. news should send this.
given how this has had the fib retracements to .0062 and .0054, i'm suspecting the same fibs going the other way may be in the making. that makes .012 the target, with an intermittent pit possibly at the 100ma of .01 on the weekly.
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