Steady downward trend on OMG, broke out of channel but quickly reentered it. Fib retracement and next support line align at .50 suggest a short to 7.11 seems promising, could go lower but need an eye kept on it. As always do your own TA.
Cheers
Cheers
Comment:
Wait for confirmation OMG is staying in trendline after the previous breakout... if it does short with caution...
Comment:
Secondary breakout of trendline and higher low needs monitoring could be consolidation and signs of reversal. Tread careful
Comment:
OMG broke out and seems to be have gone into trend reversal... tight stop loss triggered.. can't win em all