Orica – Short Update

Orica (ORI.ASX) short trade triggered 10 days back is now starting to roll over. This was mentioned in our monthly strategy piece, (see YouTube channel), posted at the beginning of the month. With the weak earnings trend and sector headwinds, it may pay to give this one some room to move lower and trail the stop loss down to lock in profits on the way.

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks