Verified Investing on $ORLY (Nov 1, 2026)
ORLY reversed after opening higher on earnings, an extremely bearish candle, and Friday's bounce merely retested uptrend lines that had already broken, with more bearish signals on the chart. The speaker would sell near the open and expects ORLY could fall 5 to 7% if sell-offs develop.
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So, my first deal, or Plan A in this case, is O'Reilly . And I'm trying to say that without singing their tune . But, yes. This is the first deal.
This candle here makes me think we might be heading downwards. The stock has announced its earnings, hasn't it? This caused the stock to open higher, and the profits actually pushed it higher .
However, whenever this reversal occurs, it is extremely bearish. On Friday, there was a good bounce, but we may see some further decline.
In the broader context, and looking at the chart, there are some other potential bearish signals that I am targeting. First, look at the previous upward trend lines that have been completely broken.
You can see that we went back to it again on Friday.
Therefore, my first level for a potential sell trade is here, basically wherever the price opens up to move downwards. And I certainly think you could see a 5 to 7% movement in O'Reilly stock if we get some good sell-offs.