1. Weekly in uptrend, EMA10 > EMA30 > EMA200. In Wave 4 with a reversal expected to be at 0.618 level also a SBR.
2. In daily hammer was formed and followed with bullish candle. Have not move yet but crawls lower thus may be a good time to start collecting. Price action above EMA 200.
3. Isaham rating 9.9 WAFV RM2.84 PE 10.1, i3 ATP 1.44.
Trade with Simple Trading style which is HH HL. not BO current Lower Low in order to continue downtrend. hence, estimate to break Lower High to form the new Higher High . Which mean BO the Triangle pattern instead.
OrnaPaper is in a very good swing position, and it has reached 2018 highest.
Recently a lot packaging company going up.
With more online sales, box packaging demand increase.
Now is at 2018 high and ceiling of the uptrend tunnel, I'm expecting it break up higher.
Aiming at RM2.
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Disclaimer
This...
ORNA has broken through significant support at 0.88 on Mar 2020, recovered the collapse, however found resistance at 1.54. If the price reverse, the share could be moving in a range bound for a certain period.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make...
ORNAPAPER trade idea.
Price already touch the buy zone and start moving up. Trendline also already breakout. From weekly chart, reversal pattern found and lets follow the momentum. Hopefully price will retrace back to 1.0 for better entry. R1 and R2 will likely be broken soon.
I seldom use channel to indicate trading ideas.
ORNA is a counter I would like to test using price movement chart.
I suggest the price will move in channel of RM0.030 each, currently moving within channel of RM1.010 to RM1.04.
Depending on the other technical indicator (I use simple indicator such as SMA cross-overs, RSI and MACD), we can expect price to move...
Yesterday I posted on consumer product related companies i.e. MASTER and PPHB, both companies are in the same sectors providing packaging services for products out there. Today is just another one company in the same sector.
ORNA - providing corrugated boxes and flutes packaging.
Fundamentally
Market Cap: RM79mil
Last price: RM1.05
EPS: 17.55 cents....
