OEG broke out of a 2 year basing formation @ 1.80 on 28 Dec and went on to more than double in just 2 weeks. It hit into the resistence @ 4.45 (zoom out 3-5 years to see these resistences) before consolidating in a bull flag.
The chart has the anatomy of a multi-bagger hence I'm still bullish on it and expect it could go quite a bit higher in the longer run. However, watch out for some resistences on the way up and expect some consolidating along these levels. Stop loss needs to be placed wide enough in order to catch a bigger move hence position size accordingly.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
The chart has the anatomy of a multi-bagger hence I'm still bullish on it and expect it could go quite a bit higher in the longer run. However, watch out for some resistences on the way up and expect some consolidating along these levels. Stop loss needs to be placed wide enough in order to catch a bigger move hence position size accordingly.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Comment:
Congrats to those who caught this massive move! :)