OWC Pharmaceutical Research Corp (OWCP)

[mariosmack]

American Bulls has delivered OWCP the SELL signal pursuant to the following:

Signal Update

Our system’s recommendation today is to SELL. The BEARISH DARK CLOUD COVER pattern finally received a confirmation because the prices crossed below the confirmation level which was at 0.3400, and our valid average selling price stands now at 0.3395. The previous BUY signal was issued on 08/16/2017, 5 days ago, when the stock price was 0.3205. Since then OWCP has risen by +5.93%.

Market Outlook

The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.

This is none other than the longs pulling out because of the bad news in the 10-Q. With the share price at .31, here’s my premarket prediction: OWCP hits .22 before .40.

If you are an underwater long, the times are rough, but you have to pull out and salvage whatever money you have left. Stopping the bleeding is the first step to resilience. Good luck!