OncoSec Medical Inc (ONCSQ)

[guti]

Depending from what time frame you are looking at it, the bear pennant might have already occurred in December 2014, after the SMA crossed the EMA and eventually the middle Bollinger Band crossed both the EMA and the SMA bands by taking control. Looking at daily graphs, after the news of ONCS moving to Nasdaq was released on May 28, for the first time since October24 the EMA finally crossed both of the two other bands and took the lead, but it only lasted a week after the SMA crossed it on Tuesday. It seems now that the SMA is forming a gap away from the EMA and that the middle Bollinger Band wants to take control again and maybe create a drop, only by looking at how the week ended. However, confirmation is needed, especially with today’s low of 6.55 which was held by the resistance from the EMA band which was holding at 6.51. This can act as a support, and if you are right about the drop, it would help create only a small and temporary one, or it might just continue its reverse trajectory. We will know on Monday.