- EGX100 is down around 27% from its high. - Today it hit a very important level, the 200 day MA which was tested before on March 2023, and also if we measure the fib level, we find that it retraced to a 50% level. - This also occurs while EGX30 hitting its 200 day MA as well. - Now we can never know for sure if this bottom or not, but we can be prepared for...
- Market keeps rejecting 10800 level. and sellers seem to be taking control. - A lot of stocks already into bearish setups. - Noone can ever predict the price accurately all the time so Im going to keep it simple. * Bellow 9800 market is a risk off. with a handful of tickers can hold their levels. * wait for bullish reversal confirmation before entering any...
- Finally after the market shook off all the prophets of doom who were calling for a market correction the bullish trend is continuing its course. - OIH is highly liquid stock but the chart seems to be setting for a revisit of the ATH. - Entry area is the current range. - There is a good R:R so no need to have a tight stoploss.
- I am buying above 7.20 - chart is a bit overextended on the monthly, so I am not expecting a larger move, but I am still considering it. - I see potential for 7.70s/8/ 8.60 (maybe). - Let's bank.
- I see higher potential if NEDA above 3.20 - Tight stop loss is not a good idea. - I wished volume was better but sometimes bulls dont need volume to push the price higher.
- My entry area is marked in green - Trendline resistance @ 13.50 area - Breakout of this trendline can send it to 14.80 area. - Watch out 'cause AMOC likes to do liquidity grab, so give it space to move.
Its in a buying area around 0.190s/0.200 high probability for an impulsive move
make your own decision. widen your risk as it has volatility and get fearful at 19 but leave runners.
- probably still has a daily 5% ceiling. - It may consolidate in the channel. -Good entry is probably around 7.40-7.80 - Make your own decision, size accordingly and manage risk.
High probability trade on ABUK with potential target at 107 and 118. Probability 70%
It has a probability of a good uptrend imo. the trade requires good risk management and patience.
- EGX30 came near the 60% Fib level and it was due to a pullback. - It cant stay overbought for too long and a healthy pullback was necessary. - In my opinion, it can stay in a range for a couple of weeks and its a good opportunity to add more shares to winning trades. - In case the market decides to pullback more than the range. stop losses for each trades...
ESRS is likely continuing its bullflag with fib levels as potential targets.
- good chance that there may be a continuation for EGAL to the upside. - Volume has decreased during consolidation, which is my only con for this trade. but it may pick up during the move. -Make your decision, size accordingly, and manage risk.
stuck in a range for couple of months. already its in a good area to start adding shares imo.
EGX30 found support on the 50ma with 2 candles = 1 pin bar, same like last it hit that same moving average. 80% probability of a continuation to the upside
Daily chart, Index EGX100 needs some correction, and probably will rebound from 7550 - 7500, to re-test the resistance line. Below 7409 will form a bearish double top pattern, leading to 6865, which is below the support line #1 ! Just be careful!
EGX:ESRS The uptrend started from the bottom of last October at a price of 13.02, then hit the 90-degree angle at a price of 17.63. The stock then rebounded from the 45-degree sub-angle and resumed its rise. The 90-degree angle was broken, making it the best buying area. The target of the uptrend cycle was 31.45, which is the 360-degree angle that the stock...