Previous session highlights
ORTE witness some profit taking today, opened 84.88 and closed 82.7 finished the session losing 0.024% and forming a bearish candlestick which indicate that profit taking may continue more than a day.
Forecasting and Tactics
We expect the profit taking may continue more than a day ,so OT may goes down to the support level 78 and there the bullish power may regain their control and resume bullishness movement.
We advise short term investors to sell a third of their positions and medium term investors to hold their positions now but sell one third if a support level 78 violated.
Target (1) 86 Stop loss (1) 78
Target (2) 93 Stop loss (2) 74.5
Ibrahem Elnemr
ESTA member
Professional Program Level2
ESTA member
Professional Program Level2
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