$ORCA short term bounce? 90-150% upside?
Updated
OORCA has broken out of it's downtrend and has now retested the falling wedge as support which leads me to believe a big move higher is coming in the near future.
I could see the move taking us up to the $4 or $5 resistance before consolidating and having one last leg lower.
Should be a good trade though.
I've entered at $2.37.
Let's see how it plays out.
I could see the move taking us up to the $4 or $5 resistance before consolidating and having one last leg lower.
Should be a good trade though.
I've entered at $2.37.
Let's see how it plays out.
Comment
One last possible outcome is to surpass both resistances straight up to $6.59Comment
Out of this trade because overall market looks week. Think there's risk of a big move down before upside. Don't think it's time yet. Can't complain about a 10% gain.Comment
*weak. Been a long day.Comment
Still looks like it could go up to at least the mid $3 range. Let's see if we get a breakout either over the weekend or early next week.Comment
Still leaning toward down. Not reentering
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