Omagine

Company has signed a Development Agreement with the Government of the Sultanate of Oman. Omagine Owns 60%; Sultanate Owns 25%; Consolidated Contractors Owns 15%. Project to be developed on 245 acres of beach front land on Gulf of Oman. The estimated cost approximately $2.5 Billion. BNP Paribas To Lead Construction Financing Syndicate.

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Re: Bullish technical indication

Omagine

over 8 years ago

in response to bill4810's message

Hey Bill, good to see the share price recover some after the insider buying. As for the bullish technical indicators, it just means the charts are heading in the right direction "UP", which we all love to see. Now it seems it is topping out and leveling out. Some folks use technical indicators like a bible to trade, but I on the other hand, use good ole DD, along with the charts to know when is the best time to buy and the best time to sell. Unfortunately, the technical indicators are not much help for OMAG, since it is so thinly traded, making it useless as a tool to guide anyone at this time. Once the volume picks up it could be worthwhile to pay attention to.

I hope that helps some. Cheers!