$OMEX finally woke up and broke the wedge... legit reversal or just another low-volume trap?

Muhammad Iqbal bin
05-01

Hey guys im trying to learn chart patterns and came across $Odyssey Marine Exploration(OMEX)$ . it looks like it broke out of that big yellow trend and now it crossed back over $1.00. the macd at the top has some blue bars which i think is good? i want to buy some but im worried since it went from 1.40 to 0.70 so fast. is it safe to buy now that it's going up again, or should i wait?

chart by @Owen Moshey

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  • Zion Everhart
    ·05-01
    TOP
    Bro do not buy a microcap just because it crossed a dollar. That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.
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  • Chua Jun Kai
    ·05-01
    macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.
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  • Siti Aisyah Binti
    ·05-01
    Great 
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