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OceanaGold Corporation

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OGC trade ideas

OGC Reversal after a long downtrend, great buying opportunityThe last few trading days show that this is a good buying opportunity and stock has probably reversed. Stochastic shows it climbing up from an oversold position and MACD histograms show that the market is trending positively. I believe OGC could rise up to its previously long held position of $3.45-3.50. I am placing a stop loss at $3.00, to give myself about 2% breathing space as the stock has been in a downtrend for a long time and the bulls may need some time to gain momentum.
TSX:OGCLong
by AnishBadwe