OMDA Oil and Gas, Inc. (OOAG)

[ooag_long]

Volume on june 15th, the downward march ended on volume significantly greater than on the previous day or two, imho, for a large cap, this signal might not be quite so relevent, but for a penny imho this is a socalled "smart money spike", from ibd (or wsj?) article i read back about 7 years ago, they noted that a smart money spike such as they described would invariably lead to a cup and handle formation over time. It does appear that we are going into a cup and handle formation, hence one has to look for a smart moeny spike for confirmation, a cup and handle is much better than an island reversal, but i'd take either if you know what I mean