Engulfing pattern seen on ORE
Engulfing pattern can be seen on ORE as it drop by 5% today closing at 2.07 per share which is below the 61.8% Fibonacci Retracement level. This is a bearish signal from the candlestick which could be the start of a correction. In case the Bearish Engulfing pattern will be confirmed tomorrow, ORE may continue to go down to the base of the Kumo or Cloud which is around 1.95 per share.
A confirmation from the bearish candlestick will also drive the Chikou Span below the price and give a weak bearish signal.
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