Long
investing in ORBCOMM Inc (ORBC) for 1-2 months
As we can see on weekly chart, there are several strong bullish signal:
inclined levels of support with delta,
mirror line with its re-test,
long price-channel,
decreasing volumes on last 5 bars (4 of them - down-bars) as a signal of consolidation and preparing to continue long-trend.
All these TA' factors and signals allow us to have long-vision on ORBC.
Buy it on 9.90-10.00
Stop-loss 9.46 (-1 tic 9.47, mirror re-test)
Our targets are connected with old price horisontal levels.
The first aim 11.50.
If bullish trend continues and there are appropriate long-signals,
the second targer will be 14.00.
inclined levels of support with delta,
mirror line with its re-test,
long price-channel,
decreasing volumes on last 5 bars (4 of them - down-bars) as a signal of consolidation and preparing to continue long-trend.
All these TA' factors and signals allow us to have long-vision on ORBC.
Buy it on 9.90-10.00
Stop-loss 9.46 (-1 tic 9.47, mirror re-test)
Our targets are connected with old price horisontal levels.
The first aim 11.50.
If bullish trend continues and there are appropriate long-signals,
the second targer will be 14.00.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.