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ryall12

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ryall12

Re: jc_penny post# 6115

Tuesday, 08/10/2010 12:31:15 PM

Tuesday, August 10, 2010 12:31:15 PM

Post# of 12214
yep. and it fits with cup pattern. it is in the process of breaking the handle today so shares are tight. this is the final consolidation after the move from 7 to 20. i am seeing the top break either thursday or monday.

historically owvi puts out news on tuesdays and thursday. however their last financial release came out on a sunday night. it was stated in a pr months ago that the audited numbers will be out by 8/15 (which is sunday)
my guess is monday starts the fireworks but could be thursday. should trade between 16 and 19 until then. anything under 20 should be a good entry. doubt any 15s are actually available, fishing for volume most likely or mms holding pps for better technical timing.

My charts are my own. Any numbers or timing are based on my interpretations of what I consider to be the most likely price movement. My interpretations can be can be wrong, it is always best to do your own charting.
Anything else I post is purely opinion

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