dibster

ORORA - possible Cycle wave 3

Long
ASX:ORA   ORORA LIMITED
Orora has a pretty neat cycle count. I don't like applying wave counts to specific stocks but the price action on ORA is quite tidy. I haven't gone into lower time frame counts so this is just a visual but the turning points do fit a "primary cycle" wave up followed by an ABC down. ORA could be at the start of a Primary 1 in a larger degree Wave 3 up. I really love the Stochastics set up too - I use the grey one to indicate short term interest and the blue Stochastic to represent longer term interest. The placement of the Stochastics signals is bullish and would indicate strong price action over the next few weeks in my opinion. This analysis does not constitute trading advice.
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