On the one day chart Omg has made an almost perfect 61% retracement where it has created it's new floor. With the MACD starting to shift upwards I think sometime within the next month we will begin to see Omg start to climb again. With that said, I think we are at a very nice entry point for this strong project. Within the next couple of weeks it will be meeting a pressure point and we will see some confidence rebuilding around Omg when it breaks this sideways movement.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.