Lithium Miner ORE

According to ASIC most shorted stocks list, ORE holds the crown as a leader. 21.52% of the float is currently being shorted and I stand to be corrected in case the figure is wrong. I am doing this analysis with the  3 box PnF daily chart of ORE as well as daily candle chart. Most recent basing pattern has resulted with an upside breakout with repeated PnF BUY signals. The strongest one was the TRIPPLE TOP BUY which coincided with the breakout ( zone of $3.20 which is now significant support).

What do a short seller see or use as a entry for their short is what I am looking for even with this daily ORE chart taking a short term view ? To be frank, I can’t spot one on either chart.

Looking at the OBV and RS at the bottom two windows of the candle chart, I can not see any weakness with either. Both confirming the bullish developments.

Lets take a count (second chart) to see how far the bullish move may take ORE as renewed buying emerges from short stops being hit as well as additional buying.




All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site.

Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.



Comments are closed.