If you followed from my last post on OMG, I warned that OMG was treading it's trendline and turning bearish. OMG did not hold this trendline and has turned bearish for now. It is puncturing through the bottom of the Kumo and also broke down past the 200 EMA.
On zooming out, there's another, more substantial trendline that OMG appears to be heading for. Breaking down from this trendline can mean a potentially hard and swift fall from there, so I will definitely be watching to see if OMG bounces and finds support here.
