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Sunday, June 25, 2017 2:45:28 PM
ORRV is CONSOLIDATING. It's not TRADING LOWER.
http://prntscr.com/fn1g9m
If we look at the chart above you can see that ORRV is making higher lowers on consolidating volume than it was at the 3s 4s and 5s. If you look at the chart below here, you can clearly see a chart pattern forming for a breakout:
http://prntscr.com/fo14bt
FRIDAY JUNE 23rd PRICE ACTION:
1,076,050 of the entire 87.517M sell volume friday was sold @ 6s = $645.63
4,438,542 bought @ 8 = $3,550.84
15,464,386 bought @ 7 = $10,825.07 SPENT
The PR news released showed that Frank is working to complete this ticker change but that he is at the mercy of FINRA.
It is doubtful he will be stopped by FINRA if he indicates he is in direct contact with them daily.
Frank being the new CEO is going to be a great change of scenery and the PR + tweets show there is much more to come out of ORRV... or should I say $MCCU !!!!
Even with estimated revenues of $5.5M and an unknown float, this stock is extremely undervalued at the current pps. The price action of the ticker change to $MCCU has absolutely not been priced into the current trading patterns of $ORRV. Based on technical analysis ALONE this stock will be trading higher.
Jmho -- not buying advice.
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