Nov. 14 at 3:57 AM
$ORI is currently trading at
$43.45, near its 60-day high of
$44.00, indicating a strong upward momentum. The RSI at 69.71 suggests that the stock is approaching overbought territory, which may lead to a pullback. The moving averages show a bullish trend, with the 30-day MA at
$41.56 and the 50-day MA at
$41.26, both below the current price, indicating support levels.
Given the market context, the directional bias is cautiously bullish, but with a potential for short-term consolidation or pullback due to the high RSI.
Suggested entry is at
$43.00, slightly below the last close to account for potential retracement. Set a stop loss at
$42.50 to limit downside risk. Target 1 is
$44.00 (60D High) and Target 2 is
$45.00, allowing for further upside if momentum continues.
Monitor RSI closely for signs of reversal.
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