Long term weakness coming into price as sellers apply the pressure

Potential Sell Entry Alert ORG

 

Time Frame : Weekly

Sector : Energy

Key Stats : $15.04 Billion Market Cap, VWAP 8.567, ASX Ranking 28, 4 Week Av Turnover $61,888,602, Current Turnover (Intraday as at time of alert) $16,806,950, PE Ratio 69.0.

Company Overview : Origin Energy (ORG) is an integrated energy company focused on gas and oil exploration and production, power generation and energy retailing in Australia. Its key operating segments include exploration & Production, generation, renewable energy & selling energy.

Broker Consensus : BUY

 

ORG – Origin Energy Limited

ORG is starting to come under pressure as sellers jump in and buyers look to lock in some gains from the long term rally. We see the 9.00/10.00 level as crucial for buyers to regain confidence but any weakness may be see further sellers jump in for another strong move lower. Watching the daily timeframe for potential sell entry setups.

 

Stock Code : ORG – Origin Energy Limited

Company Website : www.originenergy.com.au

Current Price : 8.62

Status : On watch for sell entry setup