ORG 0.46% $10.83 origin energy limited

Origin Chart, page-4

  1. 306 Posts.
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    Price has probably bottomed but the chart hasn't confirmed that. There are some signals that suggest a final bottom at $1.02 are possible but I'd be waiting to see if price breaks and closes below $3.75. If it does I'd see more falls ahead. Remember this is a stock that has lost 80% of its value since its all time high. Price has been in a downtrend since the end of December 2019 (the run up from March for 11 weeks didn't form a technical uptrend). Price is making lower peaks and troughs on the weekly chart. No chart signals for a buy here. If price was to rise and close for 2 consecutive weeks above the black downtrend line on the chart and make a higher trough followed by a higher peak on the weekly chart, then it could be worth looking at and a rise above $6.50 would be a clear sign of higher prices ahead. That said, I've never had much luck with ORG so I steer clear of it. It makes regular upthrusts in downtrends, only to turn down and catch you out. If you've got good charting skills it'll help.
    https://hotcopper.com.au/data/attachments/2609/2609344-4c30a7d518db95ca3ebede7bdedf650d.jpg
 
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Last
$10.83
Change
0.050(0.46%)
Mkt cap ! $18.65B
Open High Low Value Volume
$10.71 $10.89 $10.68 $30.72M 2.838M

Buyers (Bids)

No. Vol. Price($)
3 3759 $10.81
 

Sellers (Offers)

Price($) Vol. No.
$10.84 32114 5
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Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
ORG (ASX) Chart
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