Hi Farmlife and Charting Friends,
Here's another one that I have vested interests in via Call Options ORIJJ9.
ORI -
Solid business and in a good sector. The business appear to have had issues a couple of years back but these seem to have been addressed and better results can continue to be expected.
Charts wise - on the Monthly, ORI has a terrific DNA behavior about it and on the Weekly (attached) you can see strong support at an important MA -( 1oo MA) and a significant Bullish Reversal, forming what Darryl Morley (from Day Trader fame) would call a Pivot.
The current retracement was to the 50% Fibonacci level, which is excellent at this stage of the chart. My thoughts are that this is going up and I have the next target of $24- on it. An entry around here should give you a return of 33%; fingers crossed.
I'm about to take off to Singapore for another cruise (the wife pays for them as I'm broke; bless her heart ) but thought that I'd share this with you friends to keep your silly brains ticking, eh eh
Cheers young sailors,
soccer
aka "mariner mike"
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Monthly Charting for January, page-71
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