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Strategies & Market Trends : Ride the Tiger with CD
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To: goldret1 who wrote (168877)7/9/2009 1:19:03 PM
From: TheSlowLane  Read Replies (2) of 313059
 
OGR has retraced 50% of the move from 0.24 to 1.05 by pulling back to 0.65. We've tapped 0.64 today and yesterday but haven't closed under that 50% retrace level so hopefully a further pullback to the 61.8% level will not be in the cards. Oh, we also got within a penny of the 50 day EMA so that could also be providing support. News won't hurt either, assuming we get what we want.
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