More Upside Seen in Och-Ziff Capital Management (OZM)!

Based on my technical analysis, Och-Ziff Capital Management (OZM) broke out from an 18-month inverted head and shoulders last April.

Gauging the size of the mentioned chart pattern and adding it to the breakout point, a minimum target price of $14.00 USD can be achieved. In addition to that, there is a 5-month ascending triangle forming which could be another setup for an upside. Furthermore, OZM's MACD is in firing order and its price has been cruising above the 50, 100 and 200-day moving averages which are bullish indicators for this stock watch. On the downside, in case the triangle does not breakout and the price descends, the immediate support level for the stocks would be $11. The next support after that could be the $10 psychological level.