mikeonenorth

Is Orion Minerals eyeing sustained accumulation?

做多
JSE:ORN   ORION MINERALS LIMITED
After unlocking and securing a whole whack of funding through a series of various arrangements, I'm asking the question, is the chart showing some signs of life.

This week price closed around 21c. While there was an initial reaction to the news, the recent high of 25c has many investors scratching their heads.

The accumulation/distribution indicator, will help form my base assumption.
- Here the Accumulation is stronger (Bullish).

I'd encourage you to research the "Relative Volatility Index" indicator.
*Apparently the ADX (DMI) indicator works quite well with the RVI.

I tried to make the chart sort of self explanatory, but there are a few blanks you may like to confirm against your own strategies.

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