A challenge was issued in good spirit to justify the posts that stated that OGX would continue to head down into oblivion.I was concerned that new investors may get spooked out of their holdings so issued the challenge that the poster could produce historical precedents.This was not responded to and I was moderated out as this was considered "baiting".I apologize for this.
So here is my part of the challenge to myself, so if this is moderated out I would be suprised.
Example 1:Gympie Gold.This is no longer listed but it fulfills the criteria that was set in the challenge.At the close of my data set it was still going up in price:
There are 3 pullbacks in the chart above,calculated using the retracement as a % of the run up:
62%
75%
67%
and yet OGX has only pulled back 56% and we have some big announcements around the corner.
Another example will follow of a currently listed stock.
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Retracement on OGX
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