Orofino Gold Corp. ORFG
We’ve got ORFG on our radar this morning- this stock has come off of a recent double-bottom, and looks like a potential candidate for finishing out the week on a solid note.
We’ve got ORFG on our radar this morning- this stock has come off of a recent double-bottom, and looks like a potential candidate for finishing out the week on a solid note.
There are a number of things attracting us to the ORFG chart at the moment. Firstly, we can see a strengthening RSI that looks to be on the verge of cracking through the 50-line.
The MACD is also looking good, being in the midst of a bullish cross. If you take a look back to the third week in April you can see that the last time ORFG underwent a bullish MACD cross, the stock ran to nearly a nickel.
To stay interested in where this one might take us, we’ll need to see it maintain support at or above the 50DMA (.015). Resistance crops up at the recent swing high of .027, and beyond that, the 200DMA at .031. A break through that range, and things could get interesting quickly.
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