Hamilton's E-Wave Analysis

OTC , Open Text

otc june 2011

Last year, around this time, the stock “triple-topped”, if there is such a thing after thrusting out of a fairly clear triangle. To sell at around $52 made a lot of sense. The stock did drop by about 30% right away. But it regained its momentum  and even exceeded the channel that has confined it for the past 5 years.  Common sense tells us that,  if it wasn’ a sell then , it sure is one now!