ORCA has broken out of it's downtrend and has now retested the falling wedge as support which leads me to believe a big move higher is coming in the near future.I could see the move taking us up to the $4 or $5 resistance before consolidating and having one last leg lower.
Should be a good trade though.
I've entered at $2.37.
Let's see how it plays out.
Note
One last possible outcome is to surpass both resistances straight up to $6.59Note
Out of this trade because overall market looks week. Think there's risk of a big move down before upside. Don't think it's time yet. Can't complain about a 10% gain.Note
*weak. Been a long day.Note
Still looks like it could go up to at least the mid $3 range. Let's see if we get a breakout either over the weekend or early next week.Note
Still leaning toward down. Not reentering
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.