ONG is showing signs of a possible shift after holding the recent lows.
The latest reaction comes with noticeably stronger volume, while price is attempting to regain ground above the recent range.
If this momentum continues to build, ONG could be approaching an interesting recovery phase.
Still, confirmation matters more than anticipation.
The next few days may reveal whether this is the beginning of something bigger or simply a temporary reaction.
$ONG
The latest reaction comes with noticeably stronger volume, while price is attempting to regain ground above the recent range.
If this momentum continues to build, ONG could be approaching an interesting recovery phase.
Still, confirmation matters more than anticipation.
The next few days may reveal whether this is the beginning of something bigger or simply a temporary reaction.
$ONG