Wednesday, July 15, 2009

OC

I found this ticker from thinkorswim prophet chart.
Interesting to see that the ticker went up from March low to May high from $4 to $20.
500% gain!

It then pulledback, and starting give upside sign on June 23, and is creating higher low and high again.
Today it hit resistant MA 200, when it break above it, it will show another bullish sign.

Currently index is in pullback mode, earning season will determine the next move.

When index confirmed the upside play, I would like to play this counter.

Happy Trading!

Best regards

Snip

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