ORG 0.28% $10.62 origin energy limited

Price has probably bottomed but the chart hasn't confirmed that....

  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
$10.62
Change
-0.030(0.28%)
Mkt cap ! $18.29B
Open High Low Value Volume
$10.78 $10.78 $10.62 $35.73M 3.352M

Buyers (Bids)

No. Vol. Price($)
4 8855 $10.62
 

Sellers (Offers)

Price($) Vol. No.
$10.63 4290 1
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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
ORG (ASX) Chart
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