Bullish acceptance: Close above green value line = continuation higher.
Bearish failure: Break below red channel boundary = auction invalid.
Price now at confluence of support + red boundary line. Expecting rotation to the upside.
Analysts Strong Buy, avg PT ~$110–$112 (recent raises + rising institutional ownership).
Watch for confirmation.
Trade closed manually
ORLY showing low conviction from red Boundry Line. No break above green value line.
No entry. Better opportunities elsewhere.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.