Hello traders,
I'd like to post my analysis on OGS with a more timely and actionable observation. While the consolidation range of $79.50 - $83.10 is still valid, a clearer entry signal has just presented itself.
Context: Following the significant breakout on the week of September 22, OGS has been in a healthy consolidation.
Key Observation: The stock has now pulled back to test the precise level of its former breakout resistance. This "resistance-to-support flip" is a classic bullish confirmation.
The Entry Signal: The most critical development is the formation of a strong bullish reversal candle precisely at this new support level. This price action indicates that buyers are actively defending this new floor.
Multi-Timeframe Confirmation: The significance of this signal is amplified as this reversal pattern is visible on both the Weekly and Daily charts.
I'd like to post my analysis on OGS with a more timely and actionable observation. While the consolidation range of $79.50 - $83.10 is still valid, a clearer entry signal has just presented itself.
Context: Following the significant breakout on the week of September 22, OGS has been in a healthy consolidation.
Key Observation: The stock has now pulled back to test the precise level of its former breakout resistance. This "resistance-to-support flip" is a classic bullish confirmation.
The Entry Signal: The most critical development is the formation of a strong bullish reversal candle precisely at this new support level. This price action indicates that buyers are actively defending this new floor.
Multi-Timeframe Confirmation: The significance of this signal is amplified as this reversal pattern is visible on both the Weekly and Daily charts.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.