Posted On: 03/24/2014 12:00:48 AM
Post# of 2561
ORFG Daily Chart ~ Basing at .035
There's a lot of chatter this weekend that this coming week will see the beginning of a big move higher for ORFG. The stock has held the .035 level for 2.5 weeks after returning within the bollie bands after a nice two day pop to .095 in late February. Unfortunately, what goes outside the bollie always comes back in. During the basing phase, the FullSto and MACDs have continued resetting. Rumors of strong news would certainly move the stock sharply higher after the consolidation between .035 and the low .04s. Although I didn't draw it in, ORFG is also set to break above a declining tops line established at the high of .095 into Friday's close at .043. A close of .06, on volume, would suggest a move to new highs over the next couple of weeks, especially with any good fundamental news. GLTA
There's a lot of chatter this weekend that this coming week will see the beginning of a big move higher for ORFG. The stock has held the .035 level for 2.5 weeks after returning within the bollie bands after a nice two day pop to .095 in late February. Unfortunately, what goes outside the bollie always comes back in. During the basing phase, the FullSto and MACDs have continued resetting. Rumors of strong news would certainly move the stock sharply higher after the consolidation between .035 and the low .04s. Although I didn't draw it in, ORFG is also set to break above a declining tops line established at the high of .095 into Friday's close at .043. A close of .06, on volume, would suggest a move to new highs over the next couple of weeks, especially with any good fundamental news. GLTA
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