Omnivision Technologies (OVTI): Technical Analysis

Omnivision (OVTI) has been on a long downtrend. The volume seems to be disappearing. This months volume is the lowest volume I have seen in months. Aslo notice the MACD divergence. While the divergence is to the upside, the price is moving lower. This usually suggests that the bottom is near and one can expect to see OVTI going up from here.

Short squeeze:

Notice that the short interest in OVTI has been inching higher every month since last year. Short squeeze is a possibility.

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Updated on March 24 after hearing the takeover rumor.

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