Originally posted by notned
I think a lot of ducks are lining up for OBJ.
A cursory look at the charts would suggest that the stock has escaped the down trend, I would very much like the views from a respected chartist on this. are you out there #Zenzen
Olay keep rolling out the wand and give due credit to OBJ when they do.
OBJ is not featured at CES Olay is, but the innovation is OBJ's which does get the credit. CES is a showcase of what is new in tech and new tech like this that is available now and reasonably priced will attract interest from a lot of quarters.
The beauty industry is mega huge and very competitive but pales into insignificance along side the pharmaceutical industry the application of OBJ tech there will be enormous. I am tempted to buy an Olay wand and try it out with Voltaren cream on a dodgy knee injury.
Would not be surprised if a beauty company or pharmaceutical company took a large stake in OBJ to either initiate a TO or prevent one.
On a down side I also wonder about how much credibility a 2cent company with nearly 2 billion shares and a market cap of $40m really has.
I don't think we will see 10c again but the next few weeks will be very interesting.
Hopefully other chartists can chime in here.The current rise has been on very low volume, certainly don't think the current downtrend has been broken nor has a new trend been established. I'm keeping my eyes on the weekly chart where the bollinger bands are pinching and the stochastics has had a positive divergence. Too early to even have a guess. The next month of action should see whether we have a move on our hands or not.
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