OROCOBRE LONG / SHORT TARGETS

17 feb 2021

Orocobre is one of the few lithium producers that, as of now, has not hit its alltime-high again. The stock is currently testing an important resistance (resistance level 1). If the stock would clearly surpass this level, a bull-run may occour (according to currently positive EMA signals and RSI). The following analysis gives guidance on possible long and short targets in this regard, based on the respective resistances and support all the way upwards to a new all-time high.