Origin Materials | ORGN | Short to the $5s
Origin Materials (
ORGN
). Based purely on technical analysis, this looks a little weak at its currently level. If the market corrects soon, I anticipate this to follow and go below $6. Using the volume profile, there is support near $5.35 (then down to the support lines). In the near-term, this may be a good short below $6, but if the market melts-up, it may move quickly with it.
Above the dotted blue line before a dip, thesis breaks.
ORGN
). Based purely on technical analysis, this looks a little weak at its currently level. If the market corrects soon, I anticipate this to follow and go below $6. Using the volume profile, there is support near $5.35 (then down to the support lines). In the near-term, this may be a good short below $6, but if the market melts-up, it may move quickly with it. Above the dotted blue line before a dip, thesis breaks.