Long
Stock of the week ASX:ORE
ASX:ORE has been on a visible uptrend for the last few days. This chart shows a bullish trend based on following indicators:
- price above historic Resistance zone: 2.8 to 3$
- price above 50MA
- price above 200MA
- velocity is positive
- price above LSMA
- price above 0.618 fib
- chart pattern looks almost like a cup and handle formation though not exactly a cup and handle.
- Increased volume as the price increases.
This stock volatility level is high but it has proven in past to be source of juicy returns. I have jumped on board when the resistance zone broke and I am monitoring it with an eagle eye to keep you updated around the clock.
Stay safe and have a profitable week ahead. Please smashing the likes if you like these TA.
- price above historic Resistance zone: 2.8 to 3$
- price above 50MA
- price above 200MA
- velocity is positive
- price above LSMA
- price above 0.618 fib
- chart pattern looks almost like a cup and handle formation though not exactly a cup and handle.
- Increased volume as the price increases.
This stock volatility level is high but it has proven in past to be source of juicy returns. I have jumped on board when the resistance zone broke and I am monitoring it with an eagle eye to keep you updated around the clock.
Stay safe and have a profitable week ahead. Please smashing the likes if you like these TA.
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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.
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.