Looking forwards to next week and assay results for ORD. Like Biotrader, I too hope for a TH for this first bunch of results. IMO, it will mean something much more significant.
Regardless of TH or not, I believe the impact should be strongly positive for ORD's share price.
IMO, the chart tells us higher prices are to come..... After the 73.5 cent high on 28th Feb., there were 10 trading days down / consolidating. Then in only 2 trading days price was back at new highs. 10 days down / 2 up to new highs => Price is finding it much easier to go up that it is to go down.
Market expectations or knowledge of what's to come?
In a fast trend, countertrends tend to be 1 to 4 days. Today was day 1.
If ORD can reach new highs Monday to Thursday next week, then we are indeed in a fast trend.
AIMO. Not financial advice. GLTASHs.
ORD Price at posting:
68.5¢ Sentiment: Buy Disclosure: Held
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