{"id":19514,"date":"2011-02-16T22:13:12","date_gmt":"2011-02-17T03:13:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19514"},"modified":"2011-02-16T22:13:12","modified_gmt":"2011-02-17T03:13:12","slug":"oriental-peninsula-resources-group-ore-to-swing-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/16\/oriental-peninsula-resources-group-ore-to-swing-higher\/","title":{"rendered":"Oriental Peninsula Resources Group (ORE) To Swing Higher?"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/02\/Oriental-Peninsula-Res-Group-ORE-February-16-2011.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8009 size-medium\" title=\"Oriental Peninsula Res Group ORE February 16, 2011\" src=\"http:\/\/www.laidtrades.com\/wp-content\/uploads\/2011\/02\/Oriental-Peninsula-Res-Group-ORE-February-16-2011-300x170.png\" alt=\"Oriental Peninsula Resources Group, ORE philippine stocks, nickel mining, stock market trading, daily stock picks, Ron Acoba, falling wedge\" width=\"300\" height=\"170\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Oriental Peninsula Resources Group&rsquo;s  performance in 2010 was one for the records as it posted a stellar gain  of about 450% inside a year. Imagine, ORE&rsquo;s  shares were only trading at around PHP 0.81 during the beginning of last  year. And&nbsp; a little over a month since then, it had exploded and never  looked back until it peaked at a high of PHP 4.55 on November 23. From  then on, profit taking and consequent sell-off due to negative market  sentiment occurred which prompted ORE to gradually slip back to PHP 2.81  yesterday (February 15, 2011).<\/p>\n<p style=\"text-align: left;\">A lot of people, especially those who got  in near the top, are asking whether ORE will still turnaround. In my  opinion, I can say there&rsquo;s a pretty good chance that it will. From a  technical perspective, ORE has been trading within a falling wedge  pattern. While some of you might think that this is negative given its  direction, it is not. On the contrary, a falling wedge is actually  bullish since it only depicts a temporary correction in prices. Should  ORE break above the wedge&rsquo;s resistance (around PHP 3.50), it could once  again aim for its previous high at PHP 4.55.<\/p>\n<p style=\"text-align: left;\">Remember, for those who are planning to go long on this stock, it is advisable to wait for a breakout first before buying.<\/p>\n<p style=\"text-align: left;\">More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oriental Peninsula Resources Group&rsquo;s performance in 2010 was one for the records as it posted a stellar gain of about 450% inside a year. Imagine, ORE&rsquo;s shares were only trading at around PHP 0.81 during the beginning of last year. And&nbsp; a little over a month since then, it had exploded and never looked back &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/02\/16\/oriental-peninsula-resources-group-ore-to-swing-higher\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Oriental Peninsula Resources Group (ORE) To Swing Higher?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19514","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19514"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19514\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}