OWC Pharmaceutical Research Corp (OWCP)

[Patrkci]

I watch a lot of claytraders videos especially those for owcp.

Claytrader - "bears have momentum"

Next day - owcp goes up 10%

Claytrader - "it's looking good for the bulls"

Next day - owcp goes down 10%

He doesn't make predictions so I'm not going to say he is wrong. He simply establishes daily support and resistance lines based on moving averages.

But since they break daily in one direction or the other, how does this help establish anything? It only shows that technical analysis fails to predict owcp movement.

Conclusion - claytrader videos should not help any investor or even day trader in determining what direction owcp is going to move in. I love his videos but believe they are irrelevant when attempting to understand owcp movement.