Currently looking to short ORLY. The market is bearish right now and I believe ORLY will follow suite. The stock is in a very large bump and run formation, while also being in a symmetrical triangle. I expect for a breakout to be downward where I'll pick up a position, then add to it on a minor pullback as it hits the moving average. The target price is calculated...
Most of my idea is on the chart there in the chat bubble. I'm expecting a pop or drop from this triangle. I just noted that I think its funny that its due to happen right around earnings.
$ORLY O'Reilly - Looking overbought after tagging resistance last week at $334 with a spinning top candle on the weekly chart. Expecting a retrace near/medium term. Targeting sub-300 by next ER late October. Full retrace back down to previous all-time high would be $291.50 area.
I make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens.
You can see somethimes i use 2 - 3 levels because i dont know where the market will open.
when the market open i see witch levels are still valid if it gaps above or under my...
I make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens.
You can see somethimes i use 2 - 3 levels because i dont know where the market will open.
when the market open i see witch levels are still valid if it gaps above or under my...
The share price has rolled over like a water fall in a rounded top pattern. How low will in go? It is hard to say since this is the first correction of its kind with this stock. KMX's resent correction was approximately 40%. If that occurs here the share price bottom would be approximately $175. Will it happen???
Orly and autozone erns tare two very nice based stocks with beautiful patterns that could cost you in the end if your not sure what your doing. over 90% of shares in both are held by institutions. what this means is that the equitys price is greatly influenced by the decions made by the big boys if they want to jump in and buy the stock or dump their stocks and...
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ORLY
![ORLY: [ORLY] Phase 2](https://s3.tradingview.com/i/IZLgLiji_mid.png "[ORLY] Phase 2")
