OGI has a really nice longterm uptrend. The chart is still bullish in the longterm view. Since the RSI made a selling Signal, OGi is searching for a bottom.
Now we have reached an interesting Pivot Point which is based~ 2,35-2,5. Perhaps this Level could establish a bottom because short below that Level is based the EMA 200 - here some buyers should perhaps wait for an entry.
If we would break through the EMA 200, a dip down to 1,8-2,0 could be exspected.
Two postions are thinkable:
1. Anticyclical Long: Entry at the actual Level 2,35- 2,5 with a SL near below the EMA 200 (the sl has to fit to your indvidual Money Management) and TP=? (the TP depends on what Trader you are - shortterm, midterm, position, swingtrader, scalper...)
2. Proyclical Short: Stoppsell below the EMA 200 with TP1: 2,0 TP2: 1,8 (flag tp) and SL ~ 2,6 - perhaps the mangenta Flag will be triggered
Now we have reached an interesting Pivot Point which is based~ 2,35-2,5. Perhaps this Level could establish a bottom because short below that Level is based the EMA 200 - here some buyers should perhaps wait for an entry.
If we would break through the EMA 200, a dip down to 1,8-2,0 could be exspected.
Two postions are thinkable:
1. Anticyclical Long: Entry at the actual Level 2,35- 2,5 with a SL near below the EMA 200 (the sl has to fit to your indvidual Money Management) and TP=? (the TP depends on what Trader you are - shortterm, midterm, position, swingtrader, scalper...)
2. Proyclical Short: Stoppsell below the EMA 200 with TP1: 2,0 TP2: 1,8 (flag tp) and SL ~ 2,6 - perhaps the mangenta Flag will be triggered
Comment:
the first step is done!
