I'm a technical trader. I believe that when you succeed in a trade, there must be a reason for it. I'ld say that before I make a trade, 75% of the decision lies in technical analysis (systematic trading) whereas the remaining 25% is my "gut feel" (discretionary trading). Here is the Day chart for OYY, Credits to Tiger Brokers - THEY ARE THE BEST (Will cover brokerages another time) I've already explained why I think OYY is a great business in my previous post so we'll focus on the price action indicators for this post. At the yellow arrows, we see hammers forming. For those who don't what hammers are, please watch Rayners videos on youtube and try not to go googoogaga over him when you're done. Typically, a hammer is a bearish sign as it shows investor rejecting higher prices. However in this case, lets look a little deeper....