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themarketzone
2014년 11월 18일 오후 9시 20분

This stock maybe heading for a rough fall  

Old Republic International CorporationNYSE

설명

ORI was traded by the Elite Zone members to the short side, back than in June. It broke a trend line we've been monitoring and created a very nice weekly double top setup.

Since than, the stock touched the 38.2 Fib level, bounced from it after the completion of a bullish Gartley and now it is facing a serious resistance zone.

If you'll analyze the daily chart you'll see a daily Wedge that can be broken if the price will reach below 15$.

My final target level, according to the analysis, is 11$ and that's the potential max reward.
a close above 15.5, may lead to a deeper pullback

Check it out..

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