OGI the Bear
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 hopefully be watching LII Quotes to see how big of a Buy Wall is at that point of resistance as I may be placing a stop-loss right under it.
3.24 looks likely as it is a .618 retrace from the top of the overall pattern, and also at a nice point of support. I will hopefully be buying the majority of my position here for a long play.
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 hopefully be watching LII Quotes to see how big of a Buy Wall is at that point of resistance as I may be placing a stop-loss right under it.
3.24 looks likely as it is a .618 retrace from the top of the overall pattern, and also at a nice point of support. I will hopefully be buying the majority of my position here for a long play.
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