I don't know if OMG will get above these trend lines (both up and down). It might need a little struggle first, and not do it until next week. Or it could do it tomorrow. Oh never.
I like that it probably sucked a lot of longs out who were betting on the pennant. And now they are going to be rushing back in.
Also, I really like the risk/reward ratio here. If it does move up... then it could really move. And it would be entirely fitting that it has such a move that people are like "Oh My God!"
I like that it probably sucked a lot of longs out who were betting on the pennant. And now they are going to be rushing back in.
Also, I really like the risk/reward ratio here. If it does move up... then it could really move. And it would be entirely fitting that it has such a move that people are like "Oh My God!"
Trade closed: target reached:
Just happened to look - wow. Sold at just about $20 at 10:35PM EST.