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
We could see a retest for last week's levels. Although last week's bearish move was stronger. Iam looking for a retest of major support with blue lines zone .... 2615, 2385 We will see Pullback orange lines zone 2715, 2475 Good luck every one It’s an opportunity to choose ur position for 2022 investment
AIFI is working on a newly formed uptrend and formed a trending channel , it is seen clearly by consequent higher highs and also higher lows , trending AIFI is also seen by nice cross over by 7&14 EMA , this stock is working for a first target of 0.496 L.E support level is 0.299 and first resistance level is at 0.346 then 0.39 Stop Loss level can be at 0.305 Have...