themarketzone
Short

This stock maybe heading for a rough fall

NYSE:ORI   OLD REP INTL CORP
$ORI was traded by the Elite Zone members to the short side, back than in June. It broke a trend line we've been monitoring and created a very nice weekly double top setup.

Since than, the stock touched the 38.2 Fib level, bounced from it after the completion of a bullish Gartley and now it is facing a serious resistance zone.

If you'll analyze the daily chart you'll see a daily Wedge that can be broken if the price will reach below 15$.

My final target level, according to the analysis, is 11$ and that's the potential max reward.
a close above 15.5, may lead to a deeper pullback

Check it out..

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Tomer J,
The Market Zone - You trading Edge
Visit my website - http://www.themarketzone.net/
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