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Post# of 94541
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trader53

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trader53

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Re: None

Monday, 08/02/2010 8:55:29 AM

Monday, August 02, 2010 8:55:29 AM

Post# of 94541
Technical observation for Monday August 2nd,

The last two candlesticks formed a "Bullish Piercing Line Pattern" .

This is a "bullish reversal pattern" that marks a potential change in trend. It is highly reliable.


http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=3&dy=0&id=p00964893796

IMO, the stock is at a point very similar to where it was at the end of March. It is very possible that the stock could jump today or tomorrow, based on the action in last Fridays trading.

http://stockcharts.com/h-sc/ui?s=OPMG&p=D&yr=0&mn=6&dy=0&id=p39156286389
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