Tri-Pack Films Ltd. (TRIPF) — PSXAsset: Tri-Pack Films Ltd. (TRIPF) — PSX
Timeframe Context: Monthly structure is setting up for a potential long-term bullish leg.
Buy Plan (Refined View)
Tri-Pack Films looks like it’s preparing for a major expansion phase after spending months building quiet accumulation. The market previously reacted from a yearly fair value gap, and now it’s holding above a key monthly order block — a strong sign that higher timeframe buyers are active.
I’ll be closely watching the price if it retraces back toward the green order block zone. That’s where the best risk-to-reward opportunity lies. Ideally, price should tap into this area, form a short-term low, and then show early signs of strength — maybe a clean dealing range or a sharp bullish shift on the lower timeframe.
If that confirmation appears, I’ll position myself for a long swing toward the 209.95 and 236.59 liquidity targets. This is not about chasing momentum; it’s about letting price come to a logical re-accumulation point where institutions are likely to re-enter.
If the market decides to dip even lower into the deeper portion of the order block, that’s fine — it just means more room for accumulation before the next leg begins. I’ll stay patient and let price structure confirm the move instead of anticipating it too early.
