OMG is bouncing around a long term support zone; this area was last fall's high of 12.6; as well as recent low in late December and resistance and consolidation zone in February. Holding here with consolidation and a return to the upside would have short term gains with initial resistance at 16. A break of the downtrend from January highs and recent peak in February which projects out around 18 would lead to a retest of the 25-26 high's; for a potential 100% return. A break down below 12 could lead to a retest of recent low's in the 8-9 zone. Not financial advice; just what I am seeing.
Comment:
Going to retest the low. Well timed FUD Google; lets see if 8 can hold up.