Investing in ORBCOMM Inc (ORBC)
As we can see on daily chart, there are several strong bullish signals: straight and inclined levels of support with delta, mirror line with its double re-test. There are spike and long consolidation after it with the second retest of “mirror” line which is strong bullish signal.
We see 2 local resistance levels, but the potential of long-signals is very high and resistance is going to be broken.
All these TA' factors and signals allow us to have confident long-vision on ORBC.
Buy it on 9.70 (+1 tic above high price of current wave-fractal);
Stop-loss 9.16 (-1 tic under high price of current wave-fractal).
Our targets are connected with old price horizontal levels.
The first target is 11.50.
If bullish trend continues and there are appropriate long-signals, the second target will be 14.00.
We see 2 local resistance levels, but the potential of long-signals is very high and resistance is going to be broken.
All these TA' factors and signals allow us to have confident long-vision on ORBC.
Buy it on 9.70 (+1 tic above high price of current wave-fractal);
Stop-loss 9.16 (-1 tic under high price of current wave-fractal).
Our targets are connected with old price horizontal levels.
The first target is 11.50.
If bullish trend continues and there are appropriate long-signals, the second target will be 14.00.
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