ORHD started a correction phase after reaching its ATH at 29.2.
ORHD started a correction phase 📉 after reaching its ATH at 29.2.
The price dropped to the main support and 200 MA area around 23.6, where it showed a strong rebound 🔄📈.
The stock managed to break the downtrend line 📉➡️📈, but it failed to close above the Fib 32.8% level at 25.4, which is currently acting as a key resistance 🚧.
🔎 Two possible scenarios:
1️⃣ The stock faces another selling wave and moves down to fill the Fair Value Gap created last week (less likely in my view).
2️⃣ The stock breaks the 25.4 resistance, which would show strong positivity and potential entry confirmation 🚀.
📊 Key level to watch next week:
A break and close above 25.4 with strong volume would be a strong signal of momentum returning.
If you like my analysis, please follow and boost. 🚀📊
The price dropped to the main support and 200 MA area around 23.6, where it showed a strong rebound 🔄📈.
The stock managed to break the downtrend line 📉➡️📈, but it failed to close above the Fib 32.8% level at 25.4, which is currently acting as a key resistance 🚧.
🔎 Two possible scenarios:
1️⃣ The stock faces another selling wave and moves down to fill the Fair Value Gap created last week (less likely in my view).
2️⃣ The stock breaks the 25.4 resistance, which would show strong positivity and potential entry confirmation 🚀.
📊 Key level to watch next week:
A break and close above 25.4 with strong volume would be a strong signal of momentum returning.
If you like my analysis, please follow and boost. 🚀📊
Trade attivo
Volume is declining 🔉, which suggests the stock may enter a pullback or consolidation phase 📉➡️📊.📌 The key level to watch is the 200 MA at 22.3, which represents a very strong support area. A reaction from this level could determine the next move.
⚠️ Due to the current market volatility, I don’t recommend entering at this stage.
👉 If you like my analysis, please follow and boost 🚀📊
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.