ORG has pulled back and is showing support at the current support level. This could be a sign that this pullback may be over and it could potentially move higher. I am targeting the Resistance level of $5.30 with a tight stop below the swing low (potential 22% gain). Please note these are my own notes, by no means trading advice. Please do your own research...
ORG has bounced off strongly off Support with very High Volume, confirming its Bullish reversal. I expect a little correction to the downside as it looks like it is currently facing some resistance. There is also MACD Bullish Divergence on the Daily Timeframe and I expect a small correction or maybe a backtest of support near $4.20 - $4.35 zone which could give a...
ENTRY: 3.93 SL: 4.17 TP: 3.44 - ADX>20 - RSI<50, RSI<30 - Daily RS -ve - Daily FFI -ve - Daily MACD -ve - Weekly RS -ve - Weekly FFI -ve - Weekly MACD -ve - Breakout from range with good volume
Bullish trend confirmation indications: 1. Impulsive price action at the break of the Downtrend line. 2. Price Broke out of the Downtrend Line with High Volume . 3. Price is retracing to the Buy Zone (Fib Retracement Level of 38.2% - 61.8%) between $4.50 - $4.85 Zone 4. MACD Histogram showing a potential shift from Selling Momentum to Buying Momentum. 5. Good...
The purchase was at 9.43 and Target is at 10.07. We are on the way ... money walking ... #luizdenot #xbroker #org #energy
Currently within the small ascending dotted wedge. We still have some growth ahead of us (up to around 10.50) before we break to downside which is likely to occur around full year results announcement (16th of August). When we break downwards we will bounce back up off the support around 9.50 to retest the breakout level as resistance (around 10.25). We will then...
ORG just needs to break through 890 Hourly looks convincing.