ORWE Approaches a Key Target at 27.50

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ORWE Approaches a Key Target at 27.50Oriental Weavers CarpetEGX_DLY:ORWEmnmabroukw36ixFundamental Summary The estimated fair value is around 29.50. πŸ’° This provides further upside potential if the bullish structure remains intact. πŸ“ˆ Technical Outlook ORWE is approaching the triangle breakout’s Fibonacci extension target near 27.50. 🎯 This level also overlaps with an order block formed near the January 2025 peak. 🧱 Profit-taking and a short-term pullback may occur from this area. ⚠️ The preferred entry would be after a successful retest of the important breakout level near 24.70. πŸ”„ Bullish momentum remains valid while the price holds above the 24.00 support zone. πŸ“Š Upside targets are 29.50 at fair value, followed by the all-time high near 30.60. πŸš€ A decisive break below 24.00 would invalidate the bullish setup and trigger the stop-loss. πŸ›‘ 🧱 The Key Structural Boundaries Breakout retest and potential entry: 24.70. πŸ”„ Critical support and stop-loss boundary: 24.00. πŸ›‘ Fibonacci extension and order block: 27.50. 🎯 Fair-value target: 29.50. πŸ’° All-time-high target: 30.60. πŸš€ Verdict ORWE remains bullish above 24.00, but 27.50 is an important profit-taking zone. πŸ“ˆ A controlled pullback toward 24.70 could provide a healthier entry before a potential move toward 29.50 and 30.60. 🎯 If you like my insights, follow and boost! πŸ™Œ πŸ’™ πŸš€ 🎁 $15 TradingView Discount: πŸ”— https://tradingview.com/pricing/?share_your_love=mmmabroukw36ix ✨