OWC Pharmaceutical Research Corp (OWCP)

[mariosmack]

It's a combination of both fundamentals and technicals. Remember, OWCP went up from Nov 2016 to Feb 2017 on false and misleading information orchestrated by Ziv Turner, Yehuda Baruch, and the rest of the OWCP management and distributed via prnewswire, Insider Financial and other dubious methods.

Then when the outrageous misconceptions were exposed from March through June, that was the period of major correction. The activity through June 28, 2017 was a result of news, fake news, misleading news and verification/ refutation of such news combined with a bit of chart.

Since then, though, it has all been about the chart. Assuming that there is no major news before the end of the year, the only thing that matters is that last Tuesday the 50 SMA went under the 200 SMA to create what is called the Death Cross. This is a major bearish pattern that, without cream miraculously be sold, will guarantee a PPS drop to levels not seen in a long long time.