www.tradingview.com White Sugar price increase will lead to the breakout of local Delta sugar price. Long position is foreseen check the analysis to determine whether it suits you
Its in a buying area around 0.190s/0.200 high probability for an impulsive move
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...
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
Entry 0.774 or 0.769 Stop Loss 0.765 This a reaction for EGX30 recent rejections
According to my analysis to EGX30. I see that its about to collapse more than 60% and its targeting 6173. My analysis depends on : Supply and Demand Fibonacci Idea fails after making a new HIGH NOT A FINANCIAL ADVICE
EGX 70 shows two patterns (Head and shoulders --- constructed A wolf wave (orange line) which can give the support to EGX 70 and switch the trend back to uptrend ---- probable rebound breaking the wolf wave will lead to medium term down trend.
EGX 70 show better performance than EGX 30 due to foreign investors and world political situation
EGX 70 supports as follows:- 1- Moving support red line (in case of rebound from this line Targets will be @ 2480 and 2800 as shown) 2- in case of breaking down the moving support line - another support - the dash red-line @1930 (Targets will be previous top then double bottom target) Dr. Tarek Gadallah
Support @ the rebound point 2290 Resistance @ 2805 The movement next week could be side movement between support @ resistance Re-test 2290 again and rebound confirm market bottom Breaking 2290 means that, the correction didn't complete. On the other hand , breaking 2805 within few weeks can change the trend to up-trend. Dr. Tarek Gadallah
EGX 70 near from its moving target "Black line" 3040 to 3060 Strong correction expected in this area.
EGX 70 now construct a higher low Breaking 2805 will change the trend to uptrend Dr. Tarek Gadallah
EGX 30 showing strong downtrend momentum based on simple follow back on it's short period history -look at the pervious uptrend -look at how similar to the pervious uptrend and how it ended -know how to play it. this is my prediction and not a financial advice
Egx70 although being still on its uptrend , a secondary downtrend is created on 14/09/2021 a resume of main uptrend needs being closing over the level 2960.04 with volume confirmation .
A true breakout today by indicated candlestick with a bigger volume , an indicated downtrending channel has been created and lower channel line represents the line of downtrend target , if reversal to occur , it must break upward by a bigger volume higher than 11240 level