ORN has made its previous resistance support! What does this means? PUMP TIME.
As you can see we were rejected at this resistance 4x times before, but the 5th time we were successful (see yellow arrows).
Our next significant resistance is at Fib 38% or $13-14$. Therefore ORN has some nice gains still in store. This is also supported by our indicators.
Similar to CRV, volume on this leg up increased = BULLISH. MACD on daily just crossed to the positive side... bing bing bing we have a winner.
All signs point up. Any re-test of support is a buy signal but we may not get that. In such a scenario best to buy any dip on this way up, then secure profits around $13-14.
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As you can see we were rejected at this resistance 4x times before, but the 5th time we were successful (see yellow arrows).
Our next significant resistance is at Fib 38% or $13-14$. Therefore ORN has some nice gains still in store. This is also supported by our indicators.
Similar to CRV, volume on this leg up increased = BULLISH. MACD on daily just crossed to the positive side... bing bing bing we have a winner.
All signs point up. Any re-test of support is a buy signal but we may not get that. In such a scenario best to buy any dip on this way up, then secure profits around $13-14.
Like and follow if you liked this idea!
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