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ORE - Addition to ASX 200, page-15

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john $

46 Posts.

2

03/09/16

07:02

Post #: 18903936
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Originally posted by rizzla ↑

i think this weekly chart makes things quite clear.

a well-established downtrend and all indicators negative. might see some support at the old resistance levels around $3 but more than likely it will fall through into the $1.60-$2.90 range.

clearly a sentiment and speculation driven ramp up to unsustainable levels. while the future and fundementals are bright, the company just isn't making any serious money, so a collapse to fundementals was always going to happen

hope not too many of you have been caught out. averaging down from there is not a good idea imo.

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You are kidding yourself if you think it's going below 2! At the worst 3 but probably 3.50 . There is to much going on for that much of a sink in the price! Will be looking forward to say I told you so December /January

ORE Price at posting: $3.73 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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