A and B look very similar to me. They both reached the top after a period of range trading; and within 4 trading days both reached the top and closed near or below the EMA 51 line. In the case of A, there was then a rally. But it was not strong enough to go back up to the top, so it slided down and ended the uptrend starting in late June.
Now, looking at the similarity of B to A, I won't be surprised if B is indeed the beginning of the end of the uptrend starting in early October.
But my wishful thinking wants me to see the difference between A and B. A happened after the share price going up from below $6 to (slightly above) $10, while in B the share price only going up from around $8 to $10.39. In other words, the rise of B has been more flat compared to the rise of A. So there is a possibility that this current uptrend is not exhausted yet. I am only hoping.
ORE Price at posting:
$9.18 Sentiment: None Disclosure: Held
