re: omc move will be swift ss04 just looking at the charts again...

re: omc move will be swift ss04 just looking at the charts again it could go either way.....55c is close to touching the lower uptrend line which is quite acceptable but it will need to bounce back quickly if it has any chance of breaking out above the upper trendline....today and tomorrow close will be significant ....if it falls to 54c or below we may see a slight sline south ...we wont know whether the recent announcement regarding the shares coming out of escrow will have an impact but one thing for certain is that it dilutes the issued capital by roughly 9%....so its fair to say that the shareprice may stay put of end up lower....Im looking at the bigger picture but still tred with caution and dont want to trigger my stop loss....lol
cheers Jam