OV always have a hard time staying above the middle band. It always closes below it. I think once it stayed above the middle band that is the time it will be bullish. But what if the bulls trying to push the price up will get tired of trying? Then this may go further south. [...]
The bearish sentiment yesterday (reflected as dragon doji) was not enough to reverse the trend as we have seen today with OV. Does the ASM this afternoon fueled the price to rally? Price today almost reach the highest price with just 0.001 difference. Will the uptrend continue for the whole week?
A doji which is a trend reversal indicator can be seen on yesterday’s chart of OV. Although it has broken from the triangle with a good volume, yesterday’s volume is significantly lower than the previous. Are we going to see a price dip or it will continue to rally? Current price of Oil in the [...]
OV (THE PHILODRIL CORPORATION) is on consolidation and might breakout from the trend going up. We just need a good volume for this to breakout. But be careful in a symmetrical triangle, the price can also breakout towards south.