Channel Down on 1D. Short.

OMGUSD is trading on a clear 1D Channel Down (RSI = 28.391, MACD = -0.560, Highs/Lows = -0.8476, B/BP = -1.2255), which since pricing its Lower High near 7.000 still has significant downside potential, despite the oversold STOCH, STOCHRSI, Williams. Our position on Omisego is short with TP = 4.4846 and (under circumstances that will be updated on the next post) 2.6561.