ORE 5.11% $6.13 orocobre limited

Breakout from Rectangle Pattern

  1. YLJ
    34 Posts.
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    43 day classical Rectangle Pattern being tested today for a breakout. MACD divergence and cross on the weekly chart. 
    A close above 3.50 with decent volume would be conservatively bullish from a technical perspective IMO. I have taken
    an aggressive entry here and am comfortable with the attractive risk/reward ratio. 
    Target would be a measured move to 4c area, which also coincides with the 200 day MA which we seem to have been
    returning to on pull-backs since ORE began it's journey downwards.
    Lithium sentiment has picked up of late. 
    GLTA. 

 
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