Good post Oscar. Its really the GRAM ann that will send ORD to the nxt level again. I dont think we have ling to wait and punters know that so i expect further buying pressure in the lead up to this ann. Therefore if we assume that .085 is around the next base level then a flag pole target would give .085 + .06 ish = .145 or so as the next target.
From a purist point of view TA folks say that the 50 % on the flag pole hight should hold or else its bearish. ORD flag pole 50 % is only a tad above current SP so its touch and go from a TA point of view BUT I personally like to also take inot accoutn FA and the timeing of announcements into account and I expect buying pressure in the lead up to GRAM announcements.
Thats my take on it.
VAN Price at posting:
8.1¢ Sentiment: None Disclosure: Held
