Orbital Energy Group Inc (NASDAQ:OEG) deserves some attention as a potential bounce candidate. It is recovering from its bottom with MACD & Slow Sto moving upwards. If the stock holds above $2.87, the price may rise to the 3.52-3.7 range in the short-term. I have been accumulating this stock. Tremendous potential imho.
I see a potenial for OEG to rocket again soon, retest the trend channel and continue its way up towards my target price at 15$. The MACD indicator looks promising as the blue line gets closer to cross the orange one, the rsi indicator is low aswell which gives it room to run. I'm just a beginner but lets see how this ages:)!
To prove my point that there is more than one way to look at a stock. Some people may be playing with the level of this yellow line. A break above it would be a buy signal for some. A break above my consolidation from the previous post would be a buy signal for others. The trick is...which do you think is more valid? What are other traders looking at?