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.
@sonamtashi1984, Thanks! It's panning out quite nicely indeed :)
mecglider
⋅
what is next ? :)
franz_william
⋅
@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.