ORE may retrace to 50% Fibonacci Retracement level

ORE has showed failed reversal setups where the latest of which is the Doji followed by red candlestick instead of a large green once. This suggests that the bearish bias on ORE since we saw it retrace from 1.88 per share is still there. The fall may continue and will find immediate support at 1.64 but since we don’t have much action at this level previously, this support may be broken easily. I think the strong support is at 1.56 or 50% Fibonacci Retracement level.


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