NickelOak

OGI - Possible Bullish Trajectory Established

Long
TSX:OGI   ORGANIGRAM HOLDINGS INC
OGI's price created a double bottom between April 20 and mid-May. Short-term resistance has become support (orange horizontal lines), and although the RSI , MACD , and WTT indicate a short-term reduction in price, I believe price will follow the channel identified by the pitchfork . This idea becomes void if price breaks strongly out of the pitchfork channel and below current support.

Overall, I'm bullish on OGI , and we'll see how the next earnings report affects price. Thoughts?

(Good luck, do your own research, and trade safely. I'm a complete amateur, so don't trade based on my ideas. I produce charts for my own education. The ideas I present are not financial advice.)
Comment: We'll also know more once price re-tests the $3.50(ish) support area/zone.
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