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Orbital Sciences Corp. Message Board

  • mcrf52 mcrf52 Apr 24, 2013 2:52 PM Flag

    Resistance Levels?

    Anyone out there have any near term minor or major resistance levels for ORB?

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    • Put up a 5 yr chart and look at the last two peaks a few years back: both around $19 area. also look at the $4 distance from head to neckline of large inverse head n shoulders and when you add $4 to the neckline around $15 it also gives you $19 I'll put my tinfoil hat on and guess $19 will be resistance. I'm also picking the Penguins to win Stanley Cup, so factor that in too. Many have struggled with ORB so it might be choppy getting to $19. Successful shot to space station in June would help us get there and scare away the short attacks, IMO.

      Sentiment: Buy

      • 1 Reply to clamdigger_97
      • Thanks,Clam. It makes sense as I recall the fall backs from the mid 19.50 levels. I can't see us getting through that level until ORB successfully completes the demo mission. If I am not mistaken that is scheduled for July? Prior to that they have a Pegusus launch and around the demo they have a new Minotaur V launch ( to the Moon) in August. Cheap Dec calls could be the way to go ...

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