Oceanagold Corporation

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Open/close reversal:  Buyers have lost control during the trading day for OGC

Open/close reversal: Buyers have lost control during the trading day for OGC

[BEARISH]: Oceanagold Corporation opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 10%. This suggests the buyers have lost control. Over the last 12 months there has been 2 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 11.1%.

Seller commitment has continued for Oceanagold Corporation adding strength to an downtrend in the first timeframe

[BEARISH]: Oceanagold Corporation sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Oceanagold Corporation adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 4 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the lower range giving a confirmation ratio of 22.2%. Currently this quarter, closing price has spent 4 days in the lower price range compared to 2 days in the upper range giving a ratio of 2x.

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