AsimMirzaTrader

ORG - Potential Buying Opportunity

Long
ASX:ORG   ORIGIN ENERGY LIMITED
Bullish trend confirmation indications:

1. Impulsive price action at the break of the Downtrend line.
2. Price Broke out of the Downtrend Line with High Volume .
3. Price is retracing to the Buy Zone (Fib Retracement Level of 38.2% - 61.8%) between $4.50 - $4.85 Zone
4. MACD Histogram showing a potential shift from Selling Momentum to Buying Momentum.
5. Good Buying Opportunity when it confirms Bullish Price Action.

Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
Comment:
Trade active: Bullish Price Action above Buy Zone with Above Average Volume Bar. Trade Active
Comment:
Comment: ORG is heading up as expected and now it is expected to hit TP1 of $5.35. Should continue higher, lets see!!