Orv chart.Here's my ORV chart.
https://photouploads.com/images/orv.gif
We're right at a resistance congestion area at $0.52, where we get the 50DMA line pushing down. We poked above the 50dma yesterday, but unable to close above it, and we're currently right at it again today. Would be nice to get a few closes above it. $0.52 is also where the upper trend line (green) upward sloping channel. And it's also the 61.8%fib retrace level from most recently low as well.
We really need to break out over the descending teal line that connects from the 2010/11 top at $3.97 to most recent top at $1.25 (feb), which is currently at around $0.67/0.68, to get some sort of excitement. =) The recent feb top is where we broke down big time from that descending triangle.
Things are looking better overall short term.
- notice the positive divergences between price and MACD where price made successive lower lows in late apir, late may, and early july, but MACD did not confirm and made higher lows instead.
- we got MACD cross in early july on the daily, and the weekly looks like it may cross soon.
- the RSI finally got over 50 (lol)... see the green boxes I drew on the chart. Up to end of March, RSI had been mostly over 50, and since then, we've been under the whole time. RSI went over 50 finally, also around the same time where we got the Buy signal at the 3/10/20 cross. (see chart)
- we also got a nice cross on the ADX as well just yesterday. I had been watching for that the past few days, and added a little more yesterday. (adx not shown on chart)
Short term looks a bit better, but mid/longer term still needs more work.