Ivory_Wolf

Potential bearish outside week detected for ORA

Short
Ivory_Wolf Updated   
ASX:ORA   ORORA LIMITED
As noted in the latest video update for week ended 13-Oct, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), ORA represents a potential bearish opportunity with respect to a possible breakdown should momentum continue and newer lows be made past the current position along with the outside week potential detected.
Trade active:
Further update provided in the latest weekly video update
Trade active:
Further update provided in the latest weekly video update
Trade active:
Further update provided in the latest weekly video update
Trade active:
Apologies for the delayed publishing of these details - it's been a hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 10th November, share price continued to trade in 'no-man's land' between 10 and 30 day moving averages as at end of trading week of 10-Nov with increasing pressure towards the upside as indicated by the RSI - some traders may have already been inclined to exit the position from lack of continued movement to the downside (slightly more 'wiggle room' for movement compared to the NHF trade considering the entry point of the trade for comparison).
Trade active:
Apologies for the delayed publishing of these details - another hectic week - don't forget that the weekly videos (details in the footnote) also contain a lot of these details/updates for the ASX trades in case of delays.

In saying that, as discussed in the latest weekly update for the week ending 17th November, lack of continued movement downward noted in last week's video (stuck in 'no-man's land'), with potential for upwards move, but more 'wiggle room' compared with NHF position - share price has moved upwards, suggest to close any positions if not comfortable with situation or if stop losses lowered
(observe RSI and resistance level of $2.61 from 17-Oct).
Trade active:
Further update provided in the latest weekly video update for the week ended 24-Nov.
Trade closed manually:
As noted in the latest weekly video update for the week ended 01-Dec, share price now above 10 and 30 day MA's - caution warranted, considering RSI is now above 50 (remove from watchlist).

View latest weekly video updates:
- www.youtube.com/watch?v=DSRm9KqVd4I (Stocks and bonds - latest scans timestamped in comments)
- www.youtube.com/watch?v=SD0-eMmuta0 (Crypto review)

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