Ready for push toward 0.5 fib and beyond

25 янв. 2018 г.

I think OMG is ready for a nice push up after the recent correction based on this daily chart.

-Forming a nice ascending triangle between 0.5 fib and trendline. Trendline has been a strong support in the past.
-Stoch RSI bottomed out. As can be seen in the chart, a bottomed out Stoch RSI has always caused a nice bump in the past.
-And last but not least, a Golden cross has formed about 5 days ago.
-Volume could be better but it's not terrible.

Happy trading!

26 янв. 2018 г.

Заметка

Trade still active if the daily closes on or above the support line.