👀Excellent stock💎 to hold for long.
Nice breakout with huge volume.
A big gap up in an intermediate time period where gap up trading strategy can be used to go short to buy later.
Once it pullback to 6.47 level, then buy entry trigger.
The same high volume appeared on oct 2015, and the price had gone up. The same thing is happening now.
Please like, share and...
ORG
first time doing a written analysis on ORG
ORG gapped up above the mid-term resistance with average volume --> good price action
If you are not in ORG already, it's best to wait for a formation of a Higher Low (HL) with a retracement and rebound
R is more than 10%
Strategy-to-buy – Suggest to wait for retracement and successful rebound. DYOR
ORG has pulled back and is showing support at the current support level. This could be a sign that this pullback may be over and it could potentially move higher. I am targeting the Resistance level of $5.30 with a tight stop below the swing low (potential 22% gain).
Please note these are my own notes, by no means trading advice. Please do your own research...
ORG has bounced off strongly off Support with very High Volume, confirming its Bullish reversal. I expect a little correction to the downside as it looks like it is currently facing some resistance. There is also MACD Bullish Divergence on the Daily Timeframe and I expect a small correction or maybe a backtest of support near $4.20 - $4.35 zone which could give a...
I just bought some ORG, looking for a range bound trade on negative sentiment.
RSI at 25
Target sell price at 20% or 70 RSI
Triple bottom
Stop loss - manual - should be 8% but there could still be divergence that extends past that. If it did diverge I wouldn't sell but look to add more
If we look at the weekly, $4 looks to have a lot of price...
Bullish trend confirmation indications:
1. Impulsive price action at the break of the Downtrend line.
2. Price Broke out of the Downtrend Line with High Volume .
3. Price is retracing to the Buy Zone (Fib Retracement Level of 38.2% - 61.8%) between $4.50 - $4.85 Zone
4. MACD Histogram showing a potential shift from Selling Momentum to Buying Momentum.
5. Good...
GP here - Origin Energy has had rocky price action prior to corona and should uncertainty continue or exasperate then we may have a great entry offered in a solid business.
The company netted after tax $1.2b in ‘19. With a steady increase year on year in ‘19 revenue was $14.7b. Nearly netting 10%. It’s currently valued by the market at $10.67b. In 2019 it had...
I believe this is a good short term opportunity to go long on Origin.
The uptrend line has been broken and it currently being held by horizontal support at around $8.
I think it will come back up to around $9 before dropping again.
ORIGIN ENERGY PRICE HAS BEEN DROPPING SHARPLY RECENTLY. ON WEEKLY CHART, THE PRICE IS TRENDING UP STRONGLY. THE PRICE IS NOW INSIDE THE ICHIMOKU CLOUD WHICH ACT AS SUPPORT. STOCHASTIC IS AT OVERSOLD ZONE. WAIT FOR STOCHASTIC TO POINT UP AND ENTER TRADE. TARGET LEVEL IS $10.12.
-13 Week Rectangle
-Price between 50SMA and 200SMA, further ranging anticipated
-Would like to see some more weekly bollinger band contraction prior to upside break
-Two out of line moves to the upside
-Measured move up to 11.09
Will watch in the coming weeks
Likely 30 basis points of risk
