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Orbite Technologies Inc EORBF

Orbite Technologies Inc is a Canada-based mineral-processing and resource development company. The firm is organised into the following segments; Specialty Products, Waste Monetization and Commodity Minerals. It produces alumina, silica, hematite, magnesium oxide, titanium oxide, smelter-grade alumina, rare earth oxides and rare metal oxides. The operation plant is based in Canada.


GREY:EORBF - Post by User

Bullboard Posts
Comment by electrowingon Nov 30, 2012 2:12pm
268 Views
Post# 20667956

RE: Call it intuition or optimism

RE: Call it intuition or optimism

Keep in mind, this stock has topped at $2.90 twice previously, and pulled back ~ 3rd time was today.  A lot of people trade here without fully understanding the fundamentals, or even the local catalyst, so you can expect some resistance at $2.90, as day traders set their sell orders in a historical trading range.  Personally, i believe we will destroy that artificial $2.90 resistance point very soon, if not today.  After that, i don't expect much resistance below $3.50.  My 2 bits of speculation, for what it's worth (reputation "1" :)

Bullboard Posts