Orient Refractories: Nice Base Formation At Gap Support

Nov 19, 2018

The stock has slipped from an overbought condition to its support zone at prior gap area. It has been consolidation in a tight range recently. My expectation is a retest of the recent highs if the range breakout happens. Am looking to buy this one today if we manage close near the day's high. Interesting stock !!

Nov 21, 2018

Note

The stock has been performing well in the last couple of days. After a big rally, it has gotten into some consolidation, which is healthy. Here is the horizontal count conservative target for the stock. Check this link for the chart. d.pr/i/XUGAa3

Nov 26, 2018

Trade closed: target reached

The expected breakout happened and the stock hit the Wyckoff Horizontal count target mentioned in the above link. My expectation is that the price might consolidate for a while as there seems to be some resistance near 260-265 zone.