MOREPEN LAB. LTDLong
MOREPENLAB || Multiyear Breakout || Another Opportunity?
Technical:
1)Breakout from Stage I - Consolidation zone after 19 years with good Volumes.
2)Breakout Retest with Volume dry-up.
3)Reversing from 61.80% Fibonacci Retracement.
Fundamental:
1)Posting good Quarterly as well as YoY results.
2)Substantial increase in ROCE.
3)Reduced its Debt and approaching Debt free.
4)Positive Cash Flow.
Excellent Stock to look forward to!!
1)Breakout from Stage I - Consolidation zone after 19 years with good Volumes.
2)Breakout Retest with Volume dry-up.
3)Reversing from 61.80% Fibonacci Retracement.
Fundamental:
1)Posting good Quarterly as well as YoY results.
2)Substantial increase in ROCE.
3)Reduced its Debt and approaching Debt free.
4)Positive Cash Flow.
Excellent Stock to look forward to!!
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