The Smiles, don't rely on my charts it more of a hobby over the past few years than something serious. One thing with OBJ is that it is so heavily manipulated by brokers so chart formations and short term setups can easily be knocked back down just before you think that the tide has turned.
The long term set ups however are certainly not so easily manipulated such as the current golden cross set up please keep in mind that this has yet to be confirmed so right now we remain in a short term uptrend. Also trends on the weekly charts are less easily manipulated. Currently the MACD is about to cross the 0 baseline level which it hasn't done since July/August 13' which was the run up from 2cents to 12.5cents, coincidentally there was also a golden cross.
What I currently see is a perfect storm brewing between the fundamentals and the technicals. I have no idea what price we can expect, all i know is that if the SK-II wave II licensing agreement is juicy which i believe it will be (can be used across multiple SK-II products, hard launch, renewed eye wand contract...etc) and there is a golden cross, the weekly starts a new uptrend and we have a clear uptrend in the weekly MACD we will definitely be heading for the 12.5cent high which we should break quite comfortably. Also not to mention these other catalysts in these coming months: Bodyguard results, partnership agreement between OBJ and BG distributor, COTY and Wave-III this could be the defining moment for OBJ in the transition from a research and development company into a commercialisation company. GLTA
OBJ Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held
(20min delay)