ORKLA has been inside a trading range (74 - 87) for a while now.
On 15/6-2018 it climbed 3% on high volume after being in danger of falling below the support at 74. This was a strong signal, indicating that 74 is indeed the floor.
Lower highs in MACD and RSI has been an issue for a while, and we need to break that trend before this stock can rally.
This is a cheap entry point.
Upside about 15%
On 15/6-2018 it climbed 3% on high volume after being in danger of falling below the support at 74. This was a strong signal, indicating that 74 is indeed the floor.
Lower highs in MACD and RSI has been an issue for a while, and we need to break that trend before this stock can rally.
This is a cheap entry point.
Upside about 15%