AcornWealthCorp
Short

ORBC- Short @8.33, Flag formation target 7.37 & H&S target 4.57

NASDAQ:ORBC   ORBCOMM INC
21 0 5
ORBC             is forming a bear flag formation. According to the flag formation- if it breaks below $8.33 it will easily decline to $7.37 area. Interestingly in the weekly frame it seems a head & shoulder formation & if it works out it can decline all the way down to 4.5, that is correlating to a longer term support. So we are looking for both short term & long term trade here & we will play by lowering the stop loss.

You can check our detailed analysis on ORBC             in the trading room/ Executive summary link here-
https://www.youtube.com/watch?v=CLNJC2mGHWY
Time Span- 2:40"
Trade Status: Pending
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out