On4 Communications Inc (ONCI)

[JMH14865]

Looking at the 6-month chart as you are, I does show RSI, MFI, MacD and slow Stochastic needing a bit of a breather. While I do look at the 12-6-3-1 month charts, I will typically trade on how the 1 week (or 5-day) chart is set up. If you pull the 5-day chart you will immediately notice a big change from the 6-month chart. RSI is at 41.21 and headed in a downward direction. MFI is at 67.84 and also headed in a downward direction. The MacD is below the signal indicator headed in a downward direction. Slow Stochastic shows the k line at 75 and above the d line at 61, headed up.

My take is that unless positive news comes out, we will see a slight pullback in the price, however once we start getting some volume back in, the stock will again head upward. Ebb and Flow. Makes the pps what it is.