OWC Pharmaceutical Research Corp (OWCP)

[mariosmack]

MAJOR OWCP Long term alert: Bearish Death Cross is here.

For a while, the 50 day simple moving average has been declining and the 200 day SMA has been increasing. When the 50 SMA crosses below the 200 SMA, that is a blockbuster long term bearish signal.

As of now, the death cross is in effect:

50 SMA = .6198

200 SMA = .6200

If this close were to hold, which it will, then today would mark the death cross. What this means is that THE BUBBLE HAS BURST AND THE SKY IS FALLING. As without big news, chart takes over, and because no big news is expected for another 6-9 months at least, OWCP is headed for the grave.

The 200 SMA is expected to increase for another 3 months at least, so do not buy OWCP until the 50 SMA trend reverses and starts to go back up. DO NOT BUY OWCP FOR 3 MONTHS!!! It will hit rock bottom around Halloween, hence the death cross.

Stay out!!!