This is a chart of the price action for OBJ since May.
The way I am reading things is this way ...
OBJ has been trading in a price channel with an overall positive trend. The next few days will tell us how the price is going to behave. If it continues, in the next few trading days, to remain contained between those two lines, then, it will probably improve gradually in keeping with the major trend.
However, if it breaks above 11.5 cents and holds that for a couple of days I would expect a completely new trend line to emerge and these 2 lines would no longer apply.
That trading channel established itself on the expectation of better days .... now that better days are confirmed I would be a bit surprised if the price action failed to reflect the changed circumstances. IMO I think this is primed to move higher in the short term.
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This is a chart of the price action for OBJ since May. The way I...
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