diamond top to tis years lows to 32.50 to 33.50 range.
first sign that pattern will break is swing high not reaching pattern trendline we can confirm that tis is swing high from oscillators both are pointing down.
FUNDAMENTAL:
The company improves EBITDA YoY +9.0% but misses Q4's by -31.3%.
Net Sales (YoY) +2.6% but missed Q4 -7.0%
Outlook for 2021:
Net sales in 2021 slightly lower than in 2020.
Operating profit estimated to be lower or clearly lower than in 2020.
TECHNICAL:
Fibonacci Retracement level suggests Orion's about to break 0.618 level downwards up until 29.60...
$ORNBV ,The price broke above the old high at $ 44 dollars then
back tested and created a bullish flag pattern.
Buy Long : $46.50
Target : $58 +-2
Stop loss : 10%
Wish you good deals!
