On Monday morning, NIA announced Organto Foods (TSXV: OGO) or OGOFF on the U.S. OTC as its official brand new stock suggestion. After rising as much as 37.5% on Monday to hit a new all-time high of $0.44 per share, OGO finished Monday up by 18.75% to a record closing high of $0.38 per share on huge volume of 2.238 million shares. Although OGO closed Monday with a strong gain, it closed 13.64% below its high of day. NIA explained at the very top of its Monday evening update, "The only problem is, OGO gapped up this morning to an opening price of $0.35 per share and left a small gap in the chart between OGO's high on Friday of $0.33 per share and today's opening price and low of day of $0.35 per share. If this gap gets filled in by OGO briefly dipping to $0.33 per share it would be a best case scenario and extremely bullish for OGO's chart!"
The best case scenario for the health of OGO's chart occurred on Tuesday morning when OGO briefly dipped by 13.16% to a low of $0.33 per share thereby successfully filling in the gap! OGO had major support at $0.33 per share and bounced by 9.09% to close Tuesday at $0.36 per share.
On Wednesday, OGO showed tremendous strength by gaining 16.67% to close at its high of day and new record closing high of $0.42 per share! Unlike the countless overheated SPACs, EV stocks, and stocks liked by Queen Cathie Wood (this cycle's Mary Meeker)... OGO is nowhere close to becoming overheated!
OGO is currently in the most stunningly beautiful uptrend that we are aware of in today's market! OGO's uptrend began on May 25th when it successfully broke through and closed above its 50-day moving average on 10X stronger than average trading volume! Since then, OGO has consistently rallied to higher highs while bottoming at higher lows with its 50-day moving average consistently acting as a strong support level where OGO bounces! Since breaking out above its 50-day moving average on May 25th, OGO hasn't once closed below it!
In recent days, many technology stocks have collapsed through their 50-day moving average support levels, but OGO has done the exact opposite... with OGO actually pulling away from its 50-day moving average and successfully breaking through its most important long-term key breakout point of $0.35 per share! Because OGO is not a technology stock, the market overlooked it until now! OGO has rapid revenue growth that can be compared to both Voyager Digital (CSE: VYGR) and Hello Pal (CSE: HP). OGO's 4Q 2020 results will be released in the very near-future and will likely show a rapid acceleration in revenue growth both on a quarter-over-quarter and year-over-year basis!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from OGO of USD$30,000 cash for a six-month marketing contract. NIA has received compensation from VYGR of USD$60,000 cash for a one-year marketing contract. NIA has received compensation from HP of USD$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.