ASX:ORE - Trend break retest (buy the dip?)

Anticipating a drop into the green box as a greedy entry point, perhaps on the back of a "sell the news" earnings report which is coming up. Bullish for this year with a belief that a local bottom has been put in for the time being.

Reasoning for the trade:

• Location: Reload zone within a reload zone (0.786 line up)
  
• Structure: Triple bottom formed, followed by a volume breakout.
  
• Trend: Break of a 5 touch trend
  
• Impending golden cross on the 1D chart
  
• Cheeky weekly gap
  

1D chart:

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Komentar:

Wow, we've just seen a 19% day! Didn't expect the gap to be filled *the day after* I published my analysis.

My bullish sentiment remains, but I now need to revise my strategy for playing this chart given the gap has now closed. Let's see how this resolves in the next few days/weeks. ORE remains high on the watch list.