Gap closed for ORE

ORE has finally closed the gap with an extra gain as it close above the 2.00 per share resistance. Current resistance now is at 2.09 and the Senkou Span. With RSI still below the overbought level, there is a chance for ORE to continue moving up. We need to monitor a the candlestick pattern at this level. Ichimoku system is telling us that it is still in a bearish mood but a hit above 2.18 may change its mood as Chikou Span will turn green if that will happen.

RSI or Relative Strength Index is at 60

The following two tabs change content below.

felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

Leave a Reply

}