ORA has recently closed above a weekly downtred (although placement of the downtrend is somewhat subjective). Price has also broken above resistance at $2.82 to give a target of $3.21. ORA has made a new uptrend but it is not yet possible to draw a valid weekly uptrend line. Elliott Wave is indeterminate. ORA has a habit of making a new uptrend only to then sharply fall away and continue its fall into the abyss. Hopefully this will not be another such event.

ORA 19Feb21

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Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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