Could Potential Copper Demand Bolster Investor Appetite?
Using the Parabolic SAR to identify the period High & Low prices, I simply used a Fibonacci Retracement to help further identify historical Support & Resistance Levels. Furthermore, as indicated on the chart, by using a Volume profile between the High/Low prices, the 41c level seemed to present itself as most prevalent.
Price currently seems somewhat subdued below the 33c mark, however as the price of Copper seems to be on the rise of late, perhaps a catalyst of sorts could put exploration companies such as Orion Minerals on the watchlist of more investors, under the allure of a High Risk / High Reward commodity play.
Price currently seems somewhat subdued below the 33c mark, however as the price of Copper seems to be on the rise of late, perhaps a catalyst of sorts could put exploration companies such as Orion Minerals on the watchlist of more investors, under the allure of a High Risk / High Reward commodity play.
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