ORV bullish weekly breakout. Lows likely in.We may have seen the lows at 37c, at least for the MT. Possibly even for long term if my wave counts are correct. Looking for more upside next week.
I think we've likely completed the major C wave down from the correction started at end of 2010 peak around $3.97. Wave A down ended at around $0.79, B up ended at $1.24, and it looks like C down just ended last week at $0.37, with an ending diagonal. This weeks breakout from the descending wedge is done on heavy volume too.
It's kinda funny that last week had to print a tiny lower low at $0.37 compared to the june low at $0.38 to avoid a truncated 5th. There may be a back test of the $0.40-0.41 breakout area. But things look pretty decent on the charts. upside target for neart/mid term is around $0.60 area.