Oragenics Inc (OGEN)

[Citrati]

Nice work and post.
My focus point as is yours is the bb mid line and ma's angle. Flattening loses momentum and would make yesterdays 1.50 low vital to not fail. There is a nice wedge formed which price is reaching decision point as it moves toward the apex.
http://stockcharts.com/h-sc/ui?s=OGEN&p=D&b=5&g=0&id=p17370367587
Concerns (nothing news or buying volume can't overcome at this point) are:
1. the declining volume you pointed out.
2. if we lose 1.50 then bottom of long white candle is in play.
3. adx trend strength signal (black line) is trendless with green line lowering.
4. need to maintain upward bias on rsi and not set a lower low. rsi is carrying the load and needs help.
5. if the bottom of large white candle were to fail then the baby 1cent gap comes into play at 1.24-1.25.

No doom or gloom intended, just fleshing out the picture.
I like your work and appreciate your posts. Lots to like here.

All IMO.
Disclosure: no current position, but waiting for confirming signals to enter.

What I am looking for to enter. Resolution of ma congestion, confirming indicators with a 3/10 ema cross. Then a break through of the downtrend resistance line to go to full position.
Lower prices are not needed for me, just an upward bias with confirmations to support it whenever that occurs.

Be Green
OGEN