There's a previous consolidation within the drawn range with the bottom of the range overlapping the .786 retracement. If there was a spot to pause until more news drops , I'd imagine this is it
OGN had a momentary breakdown through 50 day MA, but quickly regained composure and continued riding it tightly upward. With a strike on the MACD and a bullish divergence in the RSI, I would be surprised if we don't see a movement towards the upper bound of the ascending triangle. OGN has a small market cap and there is an influx of cash to the space looking for...
Too early to tell, but it looks as though MJ is bouncing off a $24 resistance level while also developing a bearish divergence in the RSI and MACD. If MJ stays within the drawn channels, I could see it selling off a bit and testing the lower channel/MA to form an ascending triangle. This should also create the opportunity to bounce off the RSI support and make way...
