Weakness continues to drag in selling pressure and squeeze the buyers out

Potential Sell Entry Alert ORG

 

Time Frame : Daily/Weekly

Sector : Energy

Broker Consensus : BUY

 

ORG – Origin Energy Limited

ORG continues to come under pressure since our original alert as brokers continue to call a buy. With the current market conditions, we see the potential for further buyers to get squeezed out of the action and price to move down to 6.00 if the 7.50 zone can not hold as support. Although we did not manage to get short, keeping an eye on the action.

 

Stock Code : ORG – Origin Energy Limited

Company Website : www.originenergy.com.au

Current Price : 8.62

Status : On watch for further weakness

 

 


Original Alert 5/10/18

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