The MACD and RSI are not in agreement with the price action. We should be seeing a pop in price relatively soon. Volume has picked up within the past few days and OAX refuses to go to a lower low. Prices pick up every time, so this shows me that the bulls want to get back in.
The price pattern on OAX looks predictable. Based upon the chart, I suspect OAX will replay its prior move in the coming days. The last two times this played out, OAX went up 30% instantaneously. However, I will of course put a tight stop loss in place.
The price pattern on OAX looks predictable. Based upon the chart, I suspect OAX will replay its prior move in the coming days. The last two times this played out, OAX went up 30% instantaneously. However, I will of course put a tight stop loss in place.