Is ORE going to close the gap?

ORE continues to go up following the bounce near the 78.6% Fibonacci Retracement level last time. With this bounce level, we are anticipating a comeback for ORE at 127.2% Fibonacci Retracement level but before that will happen we will meet a lot of headwinds along the way. Currently we are at one of them. 1.91 is our current resistance but so far we don’t see any bearish signal from our candlestick stick which means there is a greater tendency price will continue to rise and close the gap very soon. Once we have the gap closed, we will see if the bulls will have enough energy to move forward. Lets take it resistance level at a time

RSI or Relative Strength Index is at 48

Caveat!

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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.

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