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ORAS Stock Fundamental AnalysisORAS trend was neutral between the support line 266.851 and the resistance line 291.935, the trend was down by 0.14%. The stock rose, and broke the first support line to reach the second support line 267.905, then the third support line 268.432. It's expected to keep rising till reaching the resistance line 290.144, then 290.671, because of the CBE's decision about cutting the interest rate by 2.25% which will have a positive impact on corporates because according to the current reasons behind the economic activity decreasing interest rate will lead to decreasing the cost of borrowing which will decrease the cost of production and will increase the corporates' profit and their monetary value. On the other side, this will decrease the products' price and individuals will have a higher will to diversify their investment beside increasing their purchasing power as well.
EGX:ORAS
by RowaynaAhmed
Balance on Capital Account - An Extreme ReversalBOCA is simply the sum of the surpluses or deficits of net non-produced, non-financial assets, and net capital transfers. These components make up the BOP or Balance of Payments. The Chart clearly illustrates the dramatic Collapse... An important indicator which has proceeded prior corrections in the Equity Complex. The warning signs for a large retracement, it will no be the far larger correction ahead, but an intermediate term correction. This will provide an entry opportunity off the lows for a final rally to new all time highs. Patience will provide, Opportunities are quite rich for both the decline and reversal. The ROC in BOCA/BOP illustrates the writing on the wall. It is best to consider these movements as a precursor to an "Event"... The same pattern has repeated at important junctures prior to the corrections. The Divergences we've discussed over the past 7 weeks continue to compound, ignoring these... Ends badly. - HK
FRED:IEABCPShort
by HK_L61