echnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and...
analysis : MFPC-ABUK-SKPC-RAYA Timeframe: 5 MINUTES OUTLOOK Technical indicators : 1-VWAP 2-ELLIOT WAVES 3-ICHIMOKU
ABUK ended last trading session with positive volume & above average. All indicators witnessed the begining of the new era. Targets, and Support & resistance are explained in the idea
positive outlook crossing Green Kumo opens the gateway to heaven Fundamentals analysis is your KSF (key success factor)
68.7-69.5 EGP is THE Bearish order block. Tried to by passed it in Thursday session, and failed. However, the analysis demonstrated end-of-correction.
EGX30: Accumulation Phase didn't end yet. $ & Value Stock will lead.
Urea & White sugar prices increased in the commodities market; this price increase will flirt with the bullish fertilizers sect of the EGX. ABUK & MFPC will lead EGX30 to the 30K Bar. SUGAR is TAILGAITING
Buyers' confidence that MPCO reached its bottom price @74.6 -74.9, will lead to the upswing
Special Message from EGX 30 to COMI & MFPC:"Laissez-moi danser , chanter ... laissez moi " Bullish TK-Cross on daily Timeframe looking forward to reach 29,300 .. Turning point to start dancing Monday & Tuesday. 1.16% point will make Wednesday a brighter day. Thank you Dalida, je vais dancer Monday.
Trading above the the bullish order block Poor daily volume Resistance + 75.20, 75.75, and 76EGP RULE of THUMB: comi breakout leads to FERTILIZERS eclipse
MTF indicating ending the correction Market structure Bull FVGs filled still some business are non-completed @90.5 EGP once crossing this price band, heading toward 105EGP
COMI, MFPC, ABUK, ALCN, AMOC, SKPC, BINV, EGCH, & sugar are the main drivers for the fall. Traders' sentiment is to trade in strong balance sheets with solid fixed assets as well as avoiding trading in MYX:REVENUE stocks. EGX30 is heading toward 26,600 points to end this correction or the correction will end as soon as FLOATING the EGP.