hdon94
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OMG - Breaking Out?

BITFINEX:OMGUSD   OmiseGo / Dollar
OMG looks like it may be breaking out of the Cup and Handle formation it has been forming. We shall see if this is a real breakout or just a false breakout.
Thanks for the TA, looking great! What is your short term profit target?
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hdon94 AndyKey0512
@AndyKey0512, No Problem, thanks for commenting. Short-term a lot will depend on the markets but IMO I could see this easily $50+ in the next couple of months. I sold most of my position before Christmas when it ran up over $20, then reloaded when it pulled back. I didn't get back in right at the low, but around $12. I probably will not sell again until at least $50.
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@hdon94, Will probably do the same, since I bought in at $20. Thanks for the reply, and good luck!
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Really good! Time to buy?
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hdon94 moacir_x
@moacir_x, I added some during the recent pullback, kind of hard to say now though, but it's usually not a good idea to chase it. If you know how much you want to buy you could divide the total into several purchases, you could buy some now then wait to see if we get a pullback. If it does then you could buy a larger amount depending on how much it pulls back.
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hdon94 hdon94
@hdon94, It's possible though that it may at some point pullback to re-test the level where it broke out (top of the cup).
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