Long
ORTX showing bullishness
ORTX has a few bullish signs that make me want to go long on it:
- Broke out of a negative trend on 6th Jan
- Golden Cross formation on 8th Jan (EMA 20 crossing EMA 100 in upward trend)
- Currently forming the handle of the cup with handle pattern
- Positive MACD on daily and weekly time frames
On top of that, ORTX has strong fundamentals and growth - something I personally like when I buy stocks, even just for trading purposes.
Entry point: $7.38
I'd expect it to grow parabolically until hitting the $10.28 resistance.
Any critique is welcome, I'm new to this. :)
Good luck!
- Broke out of a negative trend on 6th Jan
- Golden Cross formation on 8th Jan (EMA 20 crossing EMA 100 in upward trend)
- Currently forming the handle of the cup with handle pattern
- Positive MACD on daily and weekly time frames
On top of that, ORTX has strong fundamentals and growth - something I personally like when I buy stocks, even just for trading purposes.
Entry point: $7.38
I'd expect it to grow parabolically until hitting the $10.28 resistance.
Any critique is welcome, I'm new to this. :)
Good luck!
Trade active
Apologies, on the daily chart there is a first resistance at $9.08 and on the weekly chart the resistance is at $9.77, not $10.28 as originally mentioned.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.