OGI - Possible Bullish Trajectory Established
Updated
OGI's price created a double bottom between April 20 and mid-May. Short-term resistance has become support (orange horizontal lines), and although the RSI, MACD, and WTT indicate a short-term reduction in price, I believe price will follow the channel identified by the pitchfork. This idea becomes void if price breaks strongly out of the pitchfork channel and below current support.
Overall, I'm bullish on OGI, and we'll see how the next earnings report affects price. Thoughts?
(Good luck, do your own research, and trade safely. I'm a complete amateur, so don't trade based on my ideas. I produce charts for my own education. The ideas I present are not financial advice.)
Overall, I'm bullish on OGI, and we'll see how the next earnings report affects price. Thoughts?
(Good luck, do your own research, and trade safely. I'm a complete amateur, so don't trade based on my ideas. I produce charts for my own education. The ideas I present are not financial advice.)
Note
We'll also know more once price re-tests the $3.50(ish) support area/zone.
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