For sure ulmadi nothing is 100% with charts its al
Post# of 40989
But if you study charts like I and many others have for many
years you understand that the MONTHLY CANDLESTICK
CHART PATTERN that has played out with ONCI this
year can be applied to any stock on almost any timeframe
and you will get roughly the same probabilities of projected
outcome.
I'll repeat it here in more detail so hopefully you and others may understand better.
When a DRAGONFLY CANDLESTICK appears at the
END of a DOWNTREND like we have here on the MONTHLY
ONCI chart, IF Stress IF by the end of JUNE ONCI has had
a GREEN Month and is trading at the upper end near the
Highs of JUNE then we can confidently say ONCI has made the
transition to Full Blown BULL mode and the probabilities greatly increase for much higher gains for the rest of 2019.
Obviously IF ONCI has RED month of JUNE then ONCI is
still in bearish mode, The Dragonfly Candlestick is only
a transition candle signaling a 'POTENTIAL' change in
trend from BEAR to BULL, you have to see the confirmation
come afterwards to have confidence the TREND has changed.
As I also said in prior post the MUCH HIGHER GREEN VOLUME
in the past 2 weeks and month of MAY is the 'give away sign'
to me that JUNE has a much higher probability of being a
GREEN month because that level of GREEN VOLUME has not
been seen in ONCI since the AUG-SEPT 2017 BULL RUN so
it suggests 'smart money' has entered the stock in MAY
believing CATALYST EVENTS r ahead for ONCI to propel
the stock higher.
gltua
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