ONT Getting Crrrrushed Today

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July 18, 2007

ONT down 10%. I haven’t been in ONT for a few months. I’m just biding my time waiting for at least 2 buck price target or a turn in the technicals.

200dma stands at $1.65 current price is $2.25

50wma stands at $1.53

I think when price meets the 50wa will be somewhere around the 1.6-2 price area. However, if weakness continues today it could setup a snapback short term pop in the stock over the next few days.


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  • jdfjdskjklj

    Technicals on AMEX small caps are useless especially on ONT

  • jdfjdskjklj

    Technicals on AMEX small caps are useless especially on ONT

  • http://www.stockrake.com Sensei

    I disagree. The technicals got me into this stock and I rode it up. The technicals got me out right in time near the top. The technicals would have had me short for all of this move as well, except I wasn’t willing to short the stock. Same as JSDA…search my posts for charts related to that one too.

  • http://www.stockrake.com Sensei

    I disagree. The technicals got me into this stock and I rode it up. The technicals got me out right in time near the top. The technicals would have had me short for all of this move as well, except I wasn’t willing to short the stock. Same as JSDA…search my posts for charts related to that one too.