Update. Forming a rounding bottom pattern, or something crueler? Volume suggests the former due to the dwindling quantity, but nothing is for certain until it is. The lagging indicators hint at some further supply but on the whole it’s definitely looking healthier than what is was last Monday. Will the hourly gap at 1.185 close, or is it immaterial? The hourly chart better illustrates the declining volume with the Stoch nearing a positive turn, while conversely the MACD implies the contrary. For myself, the daily is what matters, and the overall chart beckons accumulation. As previously stated, I will add anything under 1.20.
OCC Price at posting:
$1.22 Sentiment: None Disclosure: Held
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