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Orange Price Bias Is Still Bullish
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The #C-ORANGE price forecast in our May 14, 2020 technical analysis was bullish.
- Market developments after #C-ORANGE,Daily May 14, 2020 technical analysis still indicate bullish bias.
#C-ORANGE,Daily closed 4.8% higher over two days on May 15, 2020 and is still gaining.
Here is what indicators show as of May 18, 2020:
- The Parabolic Indicator gives a bullish signal.
- The Donchian channel indicates uptrend: it is tilted upward.
- The MACD indicator gives a bullish signal.
- The RSI oscillator gives a neutral signal.
- The Fractals give bullish signal.
- The MA(200) Indicator gives a bullish signal.
So the bullish forecast still stands for the #C-ORANGE,Daily.
| Order | BUY |
| Buy stop | Above 123.96 |
| Stop loss | Below 112.80 |
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