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OG-Investments
Jul 10, 2021 4:00 PM

OLB - Software Application Tech Sector Swing Play Long

The OLB Group, Inc.NASDAQ

Description

OLB has been forming a massive wedge on the daily around strong support. Current break of the wedge occured on volume and moved above the volume point of control, which is a massive support once passed. $5.70 would be risk if using POC. Below that if this is a false breakout without confirmation, risk is down to $5, due to the volume desert above the POC, its possible this moves quickly through levels matching previous highs. These sectors move hot, we have seen MRIN and AUUD.

OLB is a software application for businesses to manage online stores, I don't necessarily trade based on fundamentals, but I understand that this type of company will likely flourish as more businesses move to online, I am swinging short term due it it fitting market theme. Always do your own due diligence, manage your risk and learn to scale in and out of your positions.

Comment

This peaked at 7.5 at the moment after a few days, nice almost $2 move off a low risk swing.
Comments
wesxsae
OLB is clearly not trading with BTC miners yet, has extremely low volume, a market cap equal to 1/15 the next biggest player SDIG and 1/3 the amount of operating miners as SDIG with 24k on the order over the next 24 months. This firm will not be a MARA or RIOT or BITF or CORE but it will be the small cap miner that has significant upside. This likely has another 2-4 weeks until it goes from esoteric to exoteric. - x
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