OGCThey are increasing earnings and starting to make higher highs on the chart after long consolidation , looks decent here .
OGC trade ideas
BUY AND ENJOY 24% tARGET @2.58Support *1 - CAD 1.78
Support *2 - CAD 1. 68
Resistance *1 - CAD 2.46
Resistance *2 - CAD 2.59
**Disclaimer - not financial advice, please trade with caution and DYOR. This prediction Based on My Dreams. I am new to this trade and would appreciate your feedback on my analysis.
OGCOceana Gold long idea:
MACD Cross with bullish histogram
hard bounce off longterm support at $1.78
inflation fears and panic buying on gold will enhance gold producer margins
duterte likes mining
OGCOGC has been trading in the 1.3-5.00 range for 10 years now.
I guess I am closing my position at 3.00-3.40 and will just watch the stock from there on.
OGC - BullishOGC- Fan of the way this chart is setting up for a gold company with the hype in the sector. Ascending triangle approaching SIG resistance range. Watching for it punch through and make a move to upside
Massive Bullish head and shoulder on the weeklyBullish head and shoulders pattern on OCANF Oceanagold, Price target is $4.85
Gold stocks showing strengthQuite a few gold stocks are showing strength.
All of them have seen-
1. A spike in volume
2. Greater price range for the day
3. New 3-month highs
These indicate a bullish run from Gold stocks, possibly testing previous highs.
Is the fact that gold is a safe haven in bearish markets causing this? Gold price going up, gold stocks going up.
OGC.TO IDEATSX:OGC
Current Price 4.05 B
Buy at breakout 4.07
Stop 3.57
Take Profits at 4.16 4.44
Exit at 4.50
OGC Reversal after a long downtrend, great buying opportunityThe last few trading days show that this is a good buying opportunity and stock has probably reversed.
Stochastic shows it climbing up from an oversold position and MACD histograms show that the market is trending positively.
I believe OGC could rise up to its previously long held position of $3.45-3.50.
I am placing a stop loss at $3.00, to give myself about 2% breathing space as the stock has been in a downtrend for a long time and the bulls may need some time to gain momentum.
OGCA new Zealand Gold mining company. New Zealand's Dollar and Stock market are very strong and this gold mining company has some of the best profit margins of any in the world. If gold markets continue to rally this year like I predict, this could be one of the best companies to hold. Sadly I cannot buy TSX at my broker.
