Jul. 1 at 10:37 PM
$ORLY
ORLY is consolidating within a tightening symmetrical triangle
Holding above both the 50EMA and 200EMA, showing strong structural support
Buyers stepped in aggressively off
$87.92, validating lower trendline
Volume remains muted during consolidation phase—a breakout could spark follow-through
✅ Trading Plan
Bullish Scenario
Trigger: Break and close above
$92.50 with volume > 5M
Targets:
PT1:
$95.58
PT2:
$97.22
Stop Loss: Below
$87.92 to protect against lower breakdown
Bearish Scenario
Trigger: Lose
$87.92 support and break triangle to the downside
Targets:
PT1:
$86.07
PT2:
$81.40
Stop Loss: Above
$91.50 to limit losses on failed breakdown
ORLY remains a strong technical setup with high probability for breakout continuation. The symmetrical triangle tightening just under prior highs offers a compelling base for directional move. Momentum traders may look for confirmation over
$92.50 while risk is well-defined at
$87.92. Long-term trend remains bullish with strong EMA alignment.
