OGI is starting to turn down from a nested wedge this week. So far this week is a strong bear bar near its low and is close to filling the 9.75 bull gap. This gap is likely to be filled as it is more likely an exhaustion gap than measuring gap. The bulls have reached a leg 1 = leg 2 measured move up which has led to some profit taking (tails above bars). If...
OGI is one of the market leaders of the cannabis sector, trading on the All Time High zone. The 1M outlook is incredibly bullish (RSI = 71.765, MACD = 1.690, Highs/Lows = 1.9471), the 1W very stable (RSI = 62.331, MACD = 0.850, Highs/Lows = 0.1564) trading within a parabolic pattern that aims at 13.00 towards the end of 2019/ beginning of 2020. They most optimal...
OGI bull break of daily equilibrium, watching for an all time high test tomorrow or Wednesday. Levels are not extended here but watch for correlation to other names that are if they start to consolidate tomorrow morning
Hey so OGI is one of my new favourite underdogs. fully diluted at 160 million shares and testing the 52 and breaking it the 3 recent daily candles have a lot of sellers above 8.5 but the 3 green candles makes me want to bet that this stock is going to make massive gains. I see 11 to 13.5 into the next 5-10 trading days if we hold the 8.00 mark. set your stop losses
Congrats to anybody acting on the signal today after I pointed out the cup and handle potential back on Thurday! Highest volume day in 2.5 years and low hourly bear volume on consolidation. New all time high today, looking for strong continuation into tomorrow. Bulls must break hod first thing tomorrow
Double top at key resistance 8.00 if bulls are unable to break this, and break the low of today, I'll be watching to see if bulls buy that dip, a clue for early pattern recognition of a potential cup and handle on the daily timeframe
I don't know if the Park Ranger is going to like this, but it looks like OGI will be bearish headed into the New Year.
Volume is still decreasing nicely with the down trend.
RSI still appears to be heading down for the rest of the year.
Much like TRST, OGI is in a descending wedge pattern.
I'm looking to ladder in near 4.12 with a possible double bottom. I'll...
As we can see on the chart, Organigram's Bears were in control.
Bulls did form some kind of Buy Area, located around 5.18C$, the 200 moving average indicator.
A comeback into the buy zone wouldn't shock me, just to shake out those last bear hands, and to head up higher? Or will the bulls fail to take control and the price will drop under...