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$ORE.ax ready for a rally off support
Good price recovery with bullish candlestick strength over half decent volume.
Price bounced off long term support level with the ability to have a very tight stop. Risk reward ratio is very good at this level.
MACD and STOCH are oversold and the downward momentum is weak with OBV indicator.
Heiken Ashi charts have gone green and all confirmed with an inside fork.
First target is upper resistance of ascending triangle pattern and next target is upper level of uptrending channel.
Price bounced off long term support level with the ability to have a very tight stop. Risk reward ratio is very good at this level.
MACD and STOCH are oversold and the downward momentum is weak with OBV indicator.
Heiken Ashi charts have gone green and all confirmed with an inside fork.
First target is upper resistance of ascending triangle pattern and next target is upper level of uptrending channel.
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