Stock Price Action Analysis ORI

ORI – Orica Limited

ORI is under pressure both in the long term and short term as sellers push price lower. Price action is building a lower high so we see the 17.00 zone coming under fire in the next few days. If this level does not hold then we would expect to see sellers take price down to 15.00 quickly. The 19.40 zone needs to be broken to ease the selling pressure otherwise the action does not look pretty.

Stock Code : ORI – Orica Limited

Company Website : www.orica.com

Current Price : 17.91

Status : On watch for further weakness