Oncologix Tech Inc (OCLG)

[SPM555]

I think it's so oversold that even just a tiny bit of buying pressure gets the water boiling. I think we could see a rally based on the technicals and the oversold chart, but ultimately we're waiting on news and there's still no sign of life from the company yet. That said, I do think we could see a pop just from the severely oversold chart, and hopefully that will allow it to base at a higher level while we wait for the news/update/go ahead sign.