✨ Oriental Weavers (ORWE):
The stock has been moving in an upward trend since October 2022, rising from EGP 6.3 to EGP 35 in October 2024. After reaching that level, the stock retraced by 50% Fibonacci and rebounded strongly from the EGP 21 support area.
Currently, the stock has successfully broken out of a falling wedge pattern with trading volume exceeding the 3-month average.
If the stock breaks above EGP 23 and holds, it could target the following levels: 24 – 25.3 – 26.4.
⚠ Stop-loss: At EGP 22, to be adjusted to EGP 23 after a confirmed breakout.
The stock has been moving in an upward trend since October 2022, rising from EGP 6.3 to EGP 35 in October 2024. After reaching that level, the stock retraced by 50% Fibonacci and rebounded strongly from the EGP 21 support area.
Currently, the stock has successfully broken out of a falling wedge pattern with trading volume exceeding the 3-month average.
If the stock breaks above EGP 23 and holds, it could target the following levels: 24 – 25.3 – 26.4.
⚠ Stop-loss: At EGP 22, to be adjusted to EGP 23 after a confirmed breakout.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.