OOMA Bullish Channel

NYSE:OOMA   Ooma, Inc.
OOMA is currently following a bullish channel, with earnings set for 3/5. The White diagonal lines are the support and resistance channel for price. The diagonal solid red line is the outer resistance line and the dotted red diagonal line is the inner resistance line. Price is probable to follow the channel and the red resistance lines up until earnings. Closer to earnings, a breakdown or breakout is sure to occur.

Most probable is a upward push towards the top of the channel, where IV up to earnings will push the price.

Keep a look out on the divergence for the rsi and the SMII, for proper entrance into a swing position. Let's see the effects earnings has on price, and how TA give clues to price direction.

Happy trading :0)

Like, comment and share!

This is in no way advice to sell or buy, and is meant for educational purposes only.