ORC potential dip following the bearish EW

NYSE:ORC   Orchid Island Capital, Inc.

looking at ORC I can see it is on a bearish EW currently entry point should be around 4.10 to 4.00 dollars and ride the wave toward wave 4.. which will place ORC around 8 dollars a share.

I do feel like we can expect lower prices and the upcoming year/s per se.

the dividends sit at 16% which is amazing and ORC has been paying even during COVID lock downs

what do ya'll think?

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