Ann: Olaroz production update, page-90

OROCF Orocobre Limited  closed +2.41% 3.844 US markets Fri

Translates AUD $5.0771 current exchange rates for ASX on monday.
ORE recovery to 200 day support line in progress imho.

200day ma $5.25
100day ma $6.25
RSI50 supports $5.50

Any gradual SP recovery for ORE will very likely include the RSI50 $5.50 supports as a reasonably conservative target once $5.25 is achieved.
However for such a strong oversold position as ORE is in, after this prolonged period of sliding from $6 for over 2.5 wks now, even slipping below the lower Bollinger Bands, a stronger bounce may happen, esp if accompanied by any news and if shorters feel inclined to close some of their positions in the forthcoming days.
Or burn, if they are not careful.

Returning to $5.78 - $6.10 in 2 wks timeframe if a recovery happens IMHO.