Stock of the week; ASX:ORE

ASX:ORE has played it right since the mid May. Is this the start of a new uptrend towards the 4$ or maybe towards 6$ ? Lets analyze what the charts say.

Since the day ASX:ORE broke the 50MA - green line - it has been on unstoppable uptrend. This trend has been able to break the 200MA - red line - which historically has acted as resistance. This tells me the bulls have more juice than bears.
On other indicators we can see LSMA showing upward momentum, price above the AVWAP retracing to the March 2020 lows, and the PSAR both on daily and weekly are positive.
The only concern is RSI which is almost overbought but if the stock keeps these values for next few days the RSI will go low.

For those who missed the 50MA breakout i do not think it is too late to buy but better enter with a small position and if the stock stays above the 200MA you can scale up your position.

My main target is 3.12$ if that level is broken next target is 4$ which if is taken out I will be greedy till the upper 5$ of course with a trailing stoploss when we cross 4.5$

I will keep you posted if anything changes with this baby stock. Stay safe and enjoy your day.
And dont forget to smash the likes.

PS: this is not investment advise, it is my speculative view of the market. DYOR.