franz_william

ORTX showing bullishness

Long
NASDAQ:ORTX   Orchard Therapeutics plc
ORTX has a few bullish signs that make me want to go long on it:

- Broke out of a negative trend on 6th Jan
- Golden Cross formation on 8th Jan ( EMA 20 crossing EMA 100 in upward trend)
- Currently forming the handle of the cup with handle pattern
- Positive MACD on daily and weekly time frames

On top of that, ORTX has strong fundamentals and growth - something I personally like when I buy stocks, even just for trading purposes.

Entry point: $7.38
I'd expect it to grow parabolically until hitting the $10.28 resistance.

Any critique is welcome, I'm new to this. :)

Good luck!
Trade active: Apologies, on the daily chart there is a first resistance at $9.08 and on the weekly chart the resistance is at $9.77, not $10.28 as originally mentioned.

Comments

You are perfect on this...
+2 Reply
franz_william sonamtashi1984
@sonamtashi1984, Thanks! It's panning out quite nicely indeed :)
+1 Reply
what is next ? :)
+1 Reply
franz_william mecglider
@mecglider, I don't think ORTX is done yet, it's just taking a deserved breather. I'd say it's a good time to get in now, but that's just my view of course. :)
Other than that I'm following GLMD and CKPT, both look interesting to me. I posted about them a few days ago.
Reply
well done :)
+1 Reply
franz_william mecglider
@mecglider, Thank you! :)
Reply
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