QUOTE:
I've stated my piece. All decisions still up to the trader based on the weight of evidence gathered.
I'll post no more since majority do not believe.
Thank you.
Happy Trading and Cheers!
Don't stop posting my dear Master Red Warrior!!!! I do believe you!!! And the charts do confirm it! Although on the intermediate picture, it did break down from a symmetrical triangle, the bigger picture is still a complete trend reversal through a cup and handle. It did support the previous resistance of the pattern now acting as an area of support. Just as long as it holds, I will still be TECHNICALLY hopeful.
Although I do respect the expressed sentiment that there are other issues that are currently trending that would yield positive results at this time, this thread was never intended to suggest to anyone to BUY OMICO right NOW! We are all technicians here so we are responsible for our entry and exit points. Timing is of the essence. What this thread is suggesting though is that AS OF THIS TIME, there is a perceived bullishness on the chart of OM through the cup and handle which have broken out already.Recently that neckline was tested to hold and that gives it technical validity( diba its trending na sa longer term? Pero sa intermediate term, tulog pa.) Whatever the underlying fundamental cause is factored into the price.
It is boorish to ignore the technical fact of OM's price movement. The Chartist's MATURITY lies in how one goes through the bigger picture. That is my two cents worth!
MABUHAY SI JACK BLACK!!!!
(Walang offense to OM fans out there)
