Hello, traders!
OMG has gone through two business cycles in the span of a year.
Currently, the price has returned to the $2.56-$4.09 range from which previous business cycles started.
As part of a long term investment, the first part of the position can be opened within the range of $2.56 - $3.39
In case of panic sell-off, you may open the second part of a position between $2.00 - $2.56
The size and level of stop-loss depends on your risk allocated in the current trade.
Target price levels would be
$5,48
$6,25
$6,94
$7,90
$8,78
$10,52
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice
OMG has gone through two business cycles in the span of a year.
Currently, the price has returned to the $2.56-$4.09 range from which previous business cycles started.
As part of a long term investment, the first part of the position can be opened within the range of $2.56 - $3.39
In case of panic sell-off, you may open the second part of a position between $2.00 - $2.56
The size and level of stop-loss depends on your risk allocated in the current trade.
Target price levels would be
$5,48
$6,25
$6,94
$7,90
$8,78
$10,52
Good luck and watch out for the market.
P.S. This is an educational analysis that shall not be considered financial advice