Orion's share price has seen a strong retracement, since a wave of initially enthusiastic buyers came onboard, following the news surrounding funding and advancement of their respective portfolio of mines.
That said, price may currently be hovering near an attractive re-entry point for the bulls.
On the charts I'm tracking strong divergence between the price and the indicators.
My hypothesis is that we could see another level of resistance, or a bullish breakout could potentially propel prices further up.
Trade with caution, and always consult a qualified financial professional for advice on risk management.
I currently remain Neutral (short/mid term) with a Bullish Long-term view.
*I do currently hold shares in the company.
That said, price may currently be hovering near an attractive re-entry point for the bulls.
On the charts I'm tracking strong divergence between the price and the indicators.
My hypothesis is that we could see another level of resistance, or a bullish breakout could potentially propel prices further up.
Trade with caution, and always consult a qualified financial professional for advice on risk management.
I currently remain Neutral (short/mid term) with a Bullish Long-term view.
*I do currently hold shares in the company.