Updated daily chart. Once again, today's action is not shown.
Short term not looking so good. Broke through the 38.2% support on a big gap down, and then tested the 50% on big volume.
You could say that it's a good thing - big buying off the support, however the super super low volume (seriously, have you ever seen volume this low on OGC recently?) today makes it look like yesterday could have been largely selling I think.
Bad divergence on stoch and MACD and more to give until stoch becomes oversold.
I also added an action-reaction line, which seems to have been tested in the move up. I'm really hoping it doesn't provide a lot of resistance, because it's got a pretty big slope *down*.
On the weekly, it's hard to tell. Strong support at 2.50, but stoch and MACD have bad divergance. Luckily stoch isn't oversold though so can move either way.
Not really sure whether I'd call this a short term buy or a sell at the moment. Wish I sold at $3.00 like I originally planned to. >_<
OGC Price at posting:
$2.68 Sentiment: None Disclosure: Held
