$OMI
May investors liked the price in the small range higher from where it currently is.
Looks like there is an opportunity to be able to scalp a quick 3-5% on the stock if it is able to move over 7.75 (.5 FIB)
Stock appears to be slower moving than the rest of the market.
Would use a hard stop loss of 6.90.
MACD and SMI both are sending bullish signals. It does appear that the 3 past price spikes get sold off pretty quick so be quick when you see profit.
May investors liked the price in the small range higher from where it currently is.
Looks like there is an opportunity to be able to scalp a quick 3-5% on the stock if it is able to move over 7.75 (.5 FIB)
Stock appears to be slower moving than the rest of the market.
Would use a hard stop loss of 6.90.
MACD and SMI both are sending bullish signals. It does appear that the 3 past price spikes get sold off pretty quick so be quick when you see profit.