OMDA Oil and Gas, Inc. (OOAG)

[ooag_long]

look at the accumulation dist. in the ibox elder chart, and compare that w/ the price action, ive never seen an ac/ds line that looked like that w/ the price holding up

further even though when we reached lows after the run even though the volume was not maxed out we did get a low on the ac/ds line, where it actually dipped under where it was well before the bull run

imho this means that we got a sufficent flip to call that share price a "capitulation low", its not your usual sign granted for what would normally be called a capitulation, and as we all know, often times in penny land capitulation is not a reliable signal bacause things keep "capitualating again and again untill the stock reaches .0001, (bdgr for example).

anyway thats my take, it just looks bullish, a headfake is long overdue, so its hard to say near term but longer term this looks like it might be ok