Hi guys, good to see clear interest in her today once again it is of my opinion that new has leaked. I've been anticipating movement in the SP for a few days now but was too early to call it due to OBJs habit of making me sport an egg on my face.
Just a little chart analysis. I'll start off with my most important indicator and that is the MACD which has been arching up over the last couple of days up to its current position on the 1st line of resistance. After todays action i'm guessing that has been broken so its now onto the 2nd line of resistance, should we break that i'm predicting another re-test of the 3rd resistance point and the 4th, 5th (if there is enough steam) which i have not highlighted on the chart. Secondly the moving averages has been heading northwards which in the past signals a move of some sort in the near future. Chart wise its looking optimistic but like always OBJ is a very stubborn stock, it'll do as it please so this chart will most likely be blown out the water. Anyway enjoy guys!
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