The potential pattern for ORLY since it started falling off in 2016 appears to be unfolding as an expanding wedge (weekly chart left). The current market is approaching the resistance for the pattern as well as previous highs and these offer potential opportunities when broken or bounced off of. IF we see a break up […]
ORLY IDEA
ORLY O’Reilly Automotive IDEA
ORLY had a strong lift through 2015 that topped out in the summer of 2016. The first signs of weakness can be seen in the summer of 2016, where the market first broke the trend from the end of 2015. The subsequent bounce, lift to new highs, and then the fall off since Jun 2016, […]