On the weekly chart, Orion Marine Group Inc. shares are hovering around the USD 8.80 support level
. The nature of this movement implies, albeit falsely, that this mark will be breached to the downside. If this is so, a bullish divergence
pattern could shape up on the chart of RSI
, and it is advisable for investors to wait for this time and then to launch bullish
positions with a target of USD 11.
My forecast participates in the Market Forecaster contest. Follow the link to vote for it and help me win the top prize. Thank you.