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OREZONE GOLD CORP

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ORE trade ideas

ORE - Trade PlanORE is in a strong uptrend making consecutive higher highs and higher lows. This chart looks healthy but currently the last swing high seems quite overbought as the RSI indicator is in the Overbought Zone. We could see a pullback, and if we do then I would be a buyer at a lower price. My Buy Zone is between $6.00 - $7.00, a good Support zone, and if price comes lower within this zone, I would certainly look for bullish price action to ride the next swing. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:ORELong
by AsimMirzaTrader
Orocobre Time and Price HarmonyOrocobre is a Lithium miner in Australia. One interesting fact is that on Friday, June 28, extremely high volume pushing the price up 3.5%. Corrective comes in 3 waves usually and i believe it has just completed Wave 3 on June 18. Wave 1 started on May 6. Usually the end of the wave is confirmed by high volume. Using Gann analysis, the tops from May 6 to point B is 32 days. The bottoms from A and C is 31 days. Both wave A & C are almost equivalent in price. In Gann we call it time and price harmony. Should be expecting ORE to head up and this is in line with the the demand of lithium in EV batteries.
ASX:ORELong
by fredpui
Lithium play on ASXWhile almost every EV stocks are up to the moon in Nasdaq, so as some of the Lithium play on ASX. Looking at PLS, LYC and ORE in particular, all have been hitting the uptrend since Nov, matching with the Biden's winning of the presidency whom everyone knows is a big advocate of EV. But IMHO, we couldn't ignore the underlying imbalance of Lithium supply when the biggest EV market in the world, China, are making a huge push for EV production in country. Out of the these three Lithium players on ASX, ORE is still way behind, and has just broken out of its 2 years high @$3.96. Its hard to predict where these guys would land but its a pretty clear uptrend path for the next 6-12 months considering both micro and marco economy factors. Are there even better Lithium play on ASX? Pls let me know.
ASX:ORELong
by Squishybrain
ORE.ASX weakness may continue through $2.20Hello Fellow Trader! ORE.ASX - Lithium producers have been some of Australia’s favourite stocks for several years supporting the worlds change turning to renewable energy in the battery space lead by Elon Musk and Tesla. Last weeks Tesla Battery Day was hyped up to be an extremely positive presentation that would skyrocket lithium back into the Australian headlines. Sadly, Elon mentioned how Lithium is not scarce and they have also found ways to extract the commodity from the ground using salts in a more environmentally and efficient way than any other producer. This signaled panic and hinted a disconnect from the Australian lithium market which include ORE. Overnight, Albemarle Corp and FMC Corp (two of the largest lithium producers on the New York Stock Exchange) fell between 2.5 and 2.8 percent. Key Points: - Price holding below the 200 EMA - Price holding below the 50 EMA - Consolidation below prior range low - 50 EMA and 200 EMA may cross supporting further downside. Key Levels: Support – $2.20, $1.83 Resistance – $2.65, 200 EMA, 50 EMA Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – $2.54 Supporting Entry – $2.49 Candle Reversals for entry - Bearish Shooting Star - Bearish Engulfing - Bearish Dark Cloud Cover The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks above $2.69 level and violates 50 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry $2.54 – Target 1 $2.20 = 3x Reward to Risk Supporting Entry $2.49 – Target 1 $2.20 = 1.5x Reward to Risk
ASX:OREShort
by tradetheday
Stock of the week ASX:OREASX:ORE has been on a visible uptrend for the last few days. This chart shows a bullish trend based on following indicators: - price above historic Resistance zone: 2.8 to 3$ - 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.
ASX:ORELong
by xtf_ze_trader
1
Stock of the week; ASX:OREASX:ORE has played it right since the mid May. Is this the start of a new uptrend towards the 4$ or maybe towards 6$ ? Lets analyze what the charts say. Since the day ASX:ORE broke the 50MA - green line - it has been on unstoppable uptrend. This trend has been able to break the 200MA - red line - which historically has acted as resistance. This tells me the bulls have more juice than bears. On other indicators we can see LSMA showing upward momentum, price above the AVWAP retracing to the March 2020 lows, and the PSAR both on daily and weekly are positive. The only concern is RSI which is almost overbought but if the stock keeps these values for next few days the RSI will go low. For those who missed the 50MA breakout i do not think it is too late to buy but better enter with a small position and if the stock stays above the 200MA you can scale up your position. My main target is 3.12$ if that level is broken next target is 4$ which if is taken out I will be greedy till the upper 5$ of course with a trailing stoploss when we cross 4.5$ I will keep you posted if anything changes with this baby stock. Stay safe and enjoy your day. And dont forget to smash the likes. PS: this is not investment advise, it is my speculative view of the market. DYOR.
ASX:ORELong
by xtf_ze_trader
ASX:ORE - Trend break retest (buy the dip?)Anticipating a drop into the green box as a greedy entry point, perhaps on the back of a "sell the news" earnings report which is coming up. Bullish for this year with a belief that a local bottom has been put in for the time being. Reasoning for the trade: Location: Reload zone within a reload zone (0.786 line up) Structure: Triple bottom formed, followed by a volume breakout. Trend: Break of a 5 touch trend Impending golden cross on the 1D chart Cheeky weekly gap 1D chart: Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
ASX:ORELong
by AndyTheKing
2
ORE Trend Line TradeThis is a pretty basic trade. After a very long downtrend the price has reached the bottom and a triple bottom has formed. The lower horizontal trend line indicates the immediate short term price target, however we can use this for a trigger in combination with a cross on the 200 day MA. Now normally the peak line of the triple bottom will be flat, as indicated by the dotted red line I have drawn in. However I'm going to do it different today. The lower trend line is anchored back on a congestion zone which lines up nicely with the tops of the previous highs. Now I don't think that we have hit our last peak yet. I think that will happen once the price action hits the 200 MA so that's when we can look to put the trade on. For a short term target I'm looking for about 20% which is set to a previous congestion zone. However, this could be the beginning of a new trend so it could be worth holding onto beyond that point.
ASX:ORELong
by MadButcherWA