ORE – Potential Bullish 5-0 and/or Bearish Shark

01 Aug

Potential Bullish 5-0 and.or Bearish Shark

ORIENTAL PENINSULA RESOURCES GROUP, INC. (PSE:ORE)– After six months of waiting for the first-shipment-play for ORE, could the next quarterly earnings report be finally it? The bullish 5-0 could happen anytime now, but in case the bearish shark pushes through, this might retest that all time high at P4.55. In addtion, there is a smaller shark pattern with 113.0% OX extension at 4.18 – which was hit on 7-29-11. ~caveat HIGH RISK

Other technical note: RSI bullish divergence, but currently in overbought levels. STS may diverge. ADX-DMi indicates the trend is still strong.

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Posted by on August 1, 2011 in Bearish Shark, Bullish 5-0, ORE


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