ORLA LongReasoning:
Long term breakout
Remember: Every long-term investment alert can also be played as a swing trade.
Long-Term Investors (3-12 Month Holds)
Entry: Full position on breakout
Profit Taking: Sell 1/4 to 1/5 at Goal 1
Exit Signal: Close below 20-day EMA (your trend guide) or 50EMA
Why: Strong moves are hard to time at the top, but the 20EMA acts as a reliable trend filter
Swing Traders (2-6 Week Holds)
Entry: Full position on breakout
Profit Taking: Sell 1/3 at Goal 1
Final Exit: Remainder at Goal 2
Trade ideas
New Setup: ORLAORLA : I have a swing trade setup signal. I like this because it has closed above a breakout area. I'm looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP= Sell all or 50%, move SL to breakeven), then using the close below the 10SMA as my trailing stop loss.
**Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level(SL).
ORLA (Canadian Gold Miner)Put this on the watch for an ascending triangle brealkout...
From the President of the Company: "2022 was a monumental year for Orla as we transitioned to a cash flowing gold producer," said Jason Simpson, President and Chief Executive Officer of Orla. "The strong cash flows from Camino Rojo will provide a foundation to build upon. Our rich pipeline of exploration and development assets, which we are aggressively advancing, will be critical in growing the Company and increasing value for shareholders."











