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!
- 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.