CoryMitchell-CMT

Watching for Breakout in ORBK

Long
NASDAQ:ORBK   None
ORBK is in a strong long-term uptrend. Multiple times it has consolidated near prior peaks and then broken out for a 10%+ advance.

No trade yet. Letting the stock consolidate. It if does, then will consider a long trade on a breakout higher. Do nothing if the stock breaks lower first.

High momentum stock, so could also use a trailing stop loss for exit instead of the target-based approach.

Disclosure: no position yet.

Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.