- 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...
ALCN is listed on CASE. ALCN is currently consolidating even though it is forward trending. Combining SMART MONEY CONCEPT, FVG, and Ichimoku Kinko Hyo outlined a potential intraday trading opportunity as well as medium term. The video narrative is in Arabic language channeled toward Arabic speakers CASE traders. Disclaimer: this is not an investing proposal but a...
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.
monthly chart ORWE stock is targeting 14.5 Positive and strong technical indicators
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
1-hour chart, The Egyptian market index EGX30 is rebounding to the resistance line BLUE, from the support line RED. Above 25000, the target will be 26490, passing through the shown resistance levels. Stop loss 24400
we can know that it's trending up just by looking at HH and HL, we also know that the down wave is just a correction in an up trend so we can predict the end of the correction by several things, especially price behavior, and its behaving as a fractal to the previous corrective wave, in this case, we can be sure that a continuation to the upside is nearby, this...
On the monthly chart, the INDEX EGX30 has crossed up the channel pattern upwards, then the target is 32600 The ascending upper blue line is the profit protection level.
the Commercial International Bank (COMI) is leading the EGX 30 with weight of 26.21% to a historical high points that was not been reached before. We can see from the chart that still having a potential rally after breaking the level of 58. However, the volumes is low and the rally to the uptrend is not as sharp as before. It is moving in an uptrend channel, not...
COMI, on the 30-min chart, I see technical signs that the stock will go down to 59 - 59.5 , then turn up to target 70.3
Since my last update, the EGX30 has precisely followed the narrative and wave counts. Right now we are headed to finalize wave 5 of the impulse. In the light of the escalating geopolitical tensions and the 2024 elections taking place in December 2023, there is a possibility for wave 5 to be much shorter than anticipated. Personally, I hope we break the 21000 EGP...
On the daily chart, the stock COMI is trading in a channel, with a support level 47, and the target is 58.5 after crossing 53. RSI and MACD techn. indicators are positive for uptrend. A re-test at 51 - 51.5 is OK, before crossing up. Stop loss should be considered.
Good reduction of EGX30 indicator and expected correction areas of the chart
The Egyptian Stock Exchange has not risen since its summit in 2008. A real motive rise has returned.. only a corrective sideways rise, and it must drop strongly in the shaded area in order to end all weakness and gather itself to make a strong motive rise like what happened between 2002 to 2008 Please clarify that I am helping you with my point of view, which may...
HRHO, is going to high over-sold area, and the technical indicators are telling the stock is targeting 16.6 then 16.8 soon. This is a 30-min chart technical analysis. Stop-loss at 15.60 should be considered for this time frame reference. On the bigger time frame, I have a forecast for 20% up in 2 months.
THE NEXT BULL market up to 2023 ,2024 also devaluation gives Egyptian stock indices a lot of positive