xtf_ze_trader

Stock of the week ASX:ORE

Long
ASX:ORE   OROCOBRE LIMITED
ASX:ORE has been on a visible uptrend for the last few days. This chart shows a bullish trend based on following indicators:
- price above historic Resistance zone: 2.8 to 3$
- price above 50MA
- price above 200MA
- velocity is positive
- price above LSMA
- price above 0.618 fib
- chart pattern looks almost like a cup and handle formation though not exactly a cup and handle .
- Increased volume as the price increases.

This stock volatility level is high but it has proven in past to be source of juicy returns. I have jumped on board when the resistance zone broke and I am monitoring it with an eagle eye to keep you updated around the clock.

Stay safe and have a profitable week ahead. Please smashing the likes if you like these TA.

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