Origin Energy Limited
Long
Aggiornato

Bullish potential detected for ORG

97
Entry conditions:
(i) higher share price for ORG along with swing up of indicators such as DMI/RSI.

Depending on risk tolerance, the stop loss for the trade would be:
(i) below the rising quarterly VWAP (currently $10.47), or
(ii) below the recent swing low of $10.27 from 22nd July, or
(ii) below the most lower recent swing low of $10.02 from 7th July.
Trade attivo
UPDATE (week ending 24-Jul): Trade activated on Friday 24th July, although the volume itself hasn't increased (treat this as a lower priority trade, until proven otherwise).
Nota
UPDATE (week ending 31-Jul): Share price action improved over the past trading week, respecting the short-term moving averages of the 8 and 15 day EMA's, and successfully testing the declining 50 day MA, with a reasonable increase in volume along the way. Note some caution with the overhead resistance of $10.89 from the open of 11th February - depending on risk tolerance, aggressive traders may wish to place protective stops beneath the 15 day EMA, however may risk being whipsawed out of the trade for a scratch trade by doing so.

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