Orica
the downside prevails
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Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced- Pivot: 17.55
- Our preference: short positions below 17.55 with targets at 16.00 & 15.20 in extension.
- Alternative scenario: above 17.55 look for further upside with 18.25 & 19.15 as targets.
- Comment: the RSI shows downside momentum.