Bullish technicals - orex

[TonytheSaint]

Take a look at the 3 month chart of OREX. I like to use google/finance.

OREX is about to take a serious jump in price to the $8.7? it is at now (10/16). In fact, it will jump close to $3.00 before 10/23. This is why.

In the past threee months this biotech has been very volatile, many speculators are waiting to see if their obesity drug, Contrave files their NDA before the end of the year. This would be a HUGE catalyst for the stock price; there is a GIGANTIC market for this drug...literally. What we are seeing is classic Accumulation of the stock. When a stock is being Accumulated it is being bought on dips and bought hard! Right now the stock is in the midst of it's largest dip - 15% in the past three weeks. A dip like this and you need to be a buyer!!!

A CLOSER LOOK AT THE STOCK PRICE:

(7/27) $8.63 to $7.52 (8/10) is a 13% decrease in 2 WEEKS

8/10 - 8/14 JUMPS $1.45!!!

(8/14) $8.97 to $8.05 (9/18) is a 7.5% decrease in 5 WEEKS

9/18 - 9/21 JUMPS $2.19!!!!

(9/21) $10.34 to $8.77 (10/16) is a 15% decrease in 3 WEEKS

PREDICTION - 10/16 - 10/2? JUMPS $2.93!!!

Over the next 3, 4 or 5 trading days, OREX will jump from close to the THREE MONTH LOW of @$8.6? (there will be major support), all the way up to close over $11.00. History shows this is a very realistic jump in price, I'd go as far as to say predictable. To be safe, ring the register at $10.80 for a profit of 20% even.



HAPPY HALOWEEN - Your Welcome,


The Saint

[TonytheSaint]

GET IN NOW, YOU WILL NOT SEE THIS PRICE AGAIN.


Full Disclosure - Very Long OREX, own 1300 shares.

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Looking at the one year chart it looks to me like the stock is about to break out again. Judging by the RSI...... I will make an entry soon