Bullish potential detected for ORG

Jul 12

Entry conditions:
(i) breach of the upper confines of the Darvas box formation for ORG
- i.e.: above high of $11.69 of 16th June (most conservative entry), and
(ii) swing up of indicators such as DMI/RSI.

Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 26th June (i.e.: below $10.62).

Jul 12

Trade active

UPDATE (week ending 11-Jul): Trade activated on 11th July, albeit on moderate volume, with the share price closing above both 10 and 30 day MA's at the end of the trading week. Newer high of $11.78 formed during the week ($0.09 above the previous high), with suggestion to raise protective stop $0.09 higher to $10.70 ($0.09 above one tick beneath Darvas box).

Jul 19

Note

UPDATE (week ending 18-Jul): Newer high of $12.00 formed during the week ($0.22 above the previous high), with suggestion to raise protective stop $0.22 higher to $10.92 ($0.31 above one tick beneath Darvas box).

Jul 26

Note

UPDATE (week ending 25-Jul): Newer high of $12.16 formed during the week ($0.16 above the previous high), with suggestion to raise protective stop $0.16 higher to $11.08 ($0.47 above one tick beneath Darvas box).

Aug 2

Note

UPDATE (week ending 01-Aug): No newer high formed during this trading week, with the share price closing between the 10 and 30 day MA's at the end of the trading week. A sentiment change may be occurring in relation to this stock, considering the turn in DMI and RSI indicators - caution needs to be heeded.

Aug 9

Trade closed manually

UPDATE (week ending 08-Aug): No newer high formed during this trading week, with the share price closing above both 10 and 30 day MA's at the end of the trading week. With earnings scheduled at some stage towards the beginning of this upcoming week, it is suggested by the charts to close out this trade for a small profit for anyone still remaining in this trade since (as we all know) earnings are essentially a 'coin flip' and can be either amazing for the share price, or absolutely appalling - risk management is key for your capital. Be grateful to the market for the profit and move on the next trade.