3.05.12 OREO

ORE – Cup with handle

Volume – I am sure you will notice the volume-price correlation. The volume expands as the price goes up, the volume dries up as the price goes down. This is a good sign. You can use OBV, a chart indicator, to see the accumulation on this stock.

MACD & its histogram – are about to make a bullish crossover. RSI is still below the overbought zone.

Candlestick pattern – A nice reversal pattern followed by a bullish 3 white soldiers; supported by huge volume.

Pattern – C&H from August 2011 (now completing the handle). Flag pattern from Jan2012(now doing the 2nd flag pole)





3 thoughts on “3.05.12 OREO

  1. Pingback: 3.08.12 ORE PNX MER RLC OV « spicysiomai

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