ORE 5.11% $6.13 orocobre limited

Catching the Falling Knife, page-61

  1. 770 Posts.
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    ive been looking at the market depth along with the technicals. Technicals alone show its at the bottom of the channel.

    The market depth has increased from what was 1 buyer to every 4, and now its 2 buyers for every 3 sellers. Not the highest volume day but significant nonetheless at 1.8m units traded.

    Overall commodities has been over sold due to china slowing fears and trade wars. There will be a relief rally over the next few days which would see a strong bounce to 4.53.
 
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