$OMEX finally woke up and broke the wedge... legit reversal or just another low-volume trap?

Hey guys im trying to learn chart patterns and came across $Odyssey Marine Exploration(OMEX)$ . it looks like it broke out of that big yellow trend and now it crossed back over $1.00. the macd at the top has some blue bars which i think is good? i want to buy some but im worried since it went from 1.40 to 0.70 so fast. is it safe to buy now that it's going up again, or should i wait?

chart by @Owen Moshey

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Comments

Zion Everhart
05-01
Zion Everhart
Bro do not buy a microcap just because it crossed a dollar. That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.
Chua Jun Kai
05-01
Chua Jun Kai
macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.
Siti Aisyah Binti
05-01
Siti Aisyah Binti
Great

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That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.\n ","text":"Bro do not buy a microcap just because it crossed a dollar. That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.\n ","html":"Bro do not buy a microcap just because it crossed a dollar. That's exactly where the shorts are waiting to hammer it back down. A $1.00 break is a magnet for traps.\n ","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0,"disclaimerType":0},{"id":559424107443016,"commentId":"559424107443016","gmtCreate":1777609974573,"gmtModify":1777610648970,"authorId":4240514044834332,"author":{"id":4240514044834332,"idStr":"4240514044834332","authorId":4240514044834332,"name":"Chua Jun Kai","avatar":"https://community-static.tradeup.com/news/4d758ba5beb392b264140c0514a100a2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":559420321395488,"objectIdStr":"559420321395488","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.\n ","text":"macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.\n ","html":"macd is a lagging indicator man. by the time it prints a strong blue bar, the move is usually already exhausted on these low floaters. stick to pure price action and relative volume if you want to trade this stuff.\n ","likeSize":2,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":559428069139384,"commentId":"559428069139384","gmtCreate":1777610831698,"gmtModify":1777612019620,"authorId":4240714391864532,"author":{"id":4240714391864532,"idStr":"4240714391864532","authorId":4240714391864532,"name":"Siti Aisyah Binti","avatar":"https://community-static.tradeup.com/news/default-avatar2.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":559420321395488,"objectIdStr":"559420321395488","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Great&nbsp;","text":"Great&nbsp;","html":"Great&nbsp;","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/559420321395488"}