There is nothing formidable about OWCP. We saw how formidable it was when it tanked to .55, then went to 1.30, then immediately dropped back down to .89, breaking the support of .90. when a company breaks .90, the next level of support is .53. yes it is possible that it could bounce back up, but do you want to take that risk?
If you are thinking of buying OWCP at any price above .53, think about how you will feel when this drops to .53. You will be a scared, desperate bagholder who will struggle just to get even.
When a stock is hovering just under a key support line, buying above the next support line is very dangerous. Do not buy this thing above .60.