OCN closed at 4.3 on Friday. The average daily volume is about 750K with a 200 day moving average of 3.85 and a 50 day moving average of 4.23 can indicate an uptrend confimation. OCN still managed to close also above the 20 and 10 day moving averages which is a good indication of short term uptrend. It is still up over 40% from January YTD.
ADX is above 29 ( above 25 is a STRONG trend UP or DOWN)
DMI+ is over 14 shows a weak uptrend ( I believe this is low due to the mid term trend)
DMI- is over 23 shows a strong downtrend ( I believe this is low due to the mid term trend)
Pivot and price points for next week are
PIVOT-4.26 a price action ABOVE this point will swing UP to the possible price points of
R1-4.31
R2-4.35
R3-4.4
R4-4.49
PIVOT-4.26 a price action BELOW this point will swing DOWN to the possible price points of
S1-4.21
S2-4.17
S3-4.12
S4-4.07
OCN did move in AH on Friday so I am looking to enter this stock at 4.4 with a stop loss at 4.17 or above as this is a wide stop loss.
ADX is above 29 ( above 25 is a STRONG trend UP or DOWN)
DMI+ is over 14 shows a weak uptrend ( I believe this is low due to the mid term trend)
DMI- is over 23 shows a strong downtrend ( I believe this is low due to the mid term trend)
Pivot and price points for next week are
PIVOT-4.26 a price action ABOVE this point will swing UP to the possible price points of
R1-4.31
R2-4.35
R3-4.4
R4-4.49
PIVOT-4.26 a price action BELOW this point will swing DOWN to the possible price points of
S1-4.21
S2-4.17
S3-4.12
S4-4.07
OCN did move in AH on Friday so I am looking to enter this stock at 4.4 with a stop loss at 4.17 or above as this is a wide stop loss.