mmmm, frustrating at the moment. looks like it may be heading down to test the 2.50 support. Volumes seem to be lighter though. Hopefully we get a reversal hammer candle soon. The way i see it, closing below 2.50 is danger territory. Im still liking the look of the weekly chart though. RSI is in the lower range and the MACD seems to be turning. Maybe a towards the end of the week we will get confirmation of the direction we will be heading.
It would be greatly appreciated if a more Technical analysist could give us a better insight.
All the best
OGC Price at posting:
$2.65 Sentiment: Buy Disclosure: Held