Ormat Technologies - ORAEntry Price: $ 75.28
Target Price : $65.36
Stop loss: $78.19
MACD line is sloping downwards
In DMI the D- is sloping upwards and is above the D+ line
Double top formation with confirmation of the last candlestick which opened below the neckline. Bearish signal from MACD because the indicator is diverging downwards from the signal line. RSI has not reached its support level of 35 yet, so the price is expected to decrease further. ADX shows the trend is not particularly strong (<20), but the D- line closed much higher than D+.
No financial advice.
