OWC Pharmaceutical Research Corp (OWCP)

[I FAR I]

The Pros have been Accumulating shares in OWCP and will want to take the price higher. But only AFTER they are certain there is no more Supply.

Last week we saw a SHAKEOUT and possible Selling Climax that indicates the brief current downtrend is over.

So don't get shaken and allow others to buy up all the cheap stock they can get their hands on after giving a false impression of The Ultimate Move -- WHICH IS UP -- as is clearly evident on OWCP's chart.

On Friday the Shakeout may have reached its Selling Climax because we saw low volume, a tightening of the spread and lack of shares/supply followed by an Automatic Rally that gave us a Green Close.

There may be a Secondary Test of the Shakeout to confirm the Last Point of Support. OWCP Longs must HOLD FIRM or buy more shares to confirm support and leave no doubt of a Sign of Strength for the coming Turning Of The Tide.

In any regard, the election vote is obviously a positive for MJ stocks and we should see ample buying demand and a release of the selling/shorting pressure from the last 2 weeks to allow the battered MJ stock share prices to jump like a coiled Spring.

Plus, the Reg SHO flag means that the pros shorting the stock will soon have to Cover with Supply dwindling. The Demand for more OWCP shares will then increase because of the Short Covering and increased awareness of this great company. Combine that with the Pros desire to Buy (Accumulate) for their LONG positions in anticipation of the upward move and we should see an Automatic Rally with enough strength to make everyone happy.

Cheers