EGX30: Accumulation Phase didn't end yet. $ & Value Stock will lead.
Supersonic volume 3X average daily. Tenken sen is passing through the BAR & will lag for a morning coffee. this is confirmed on the 5M Timeframe.
The shadow of RAS Hikma transaction on the construction sector was superb; however, process industries sector, and USD-base revenue companies lead the sharp fall. 3-4 days to recover based on ghosting the Bars pattern. in the mean time, FLOATING is the QUEEN. FORTY EIGHT is the jack of all spades. words of wisdom: he is no fool who gave up what he cant afford...
the rule of thumb in the EGX30 ... buy on RUMOURS, and sell on the NEWS. Rumors started on Jan 31st, Ras Hikma project is worth 45Bn USD, and Emiraties areIN. Yesterday, the Rumors became solid fact, Egypt prime minister announced the signing of the contractual agreement live on national television. The deal is worth 35Bn USD. The USD/EGPp on investing.com...
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
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
Holistic MTF & Indicator Analysis NO PANIC Buy Price.14.9-15 EGP Stop Loss 14.49 EGP Targets: 15.95, 17.05, & 17.97 This video is for education purpose only, and not investment proposal of any kind what so ever.
Holistic MTF & Indicator Analysis NO PANIC Buy Price.14.9-15 EGP Stop Loss 14.49 EGP Targets: 15.95, 17.05, & 17.97 This video is for education purpose only, and not investment proposal of any kind what so ever.
After CBE approval raising Vodafone’s share in Basata to 20%, this will have spill over impact in share prices of 3 companies traded in the Egyptian stock market which are as follows:ETEL, BINV, and MTIE. Technical analysis on the spill over impact on these 3 shares. t.me
Gravity is virtue, but not for Hi-Rollers & desperates. it's a Market maker game; be smart investor
MAKE IT OT BREAK IT ... FVG @81.8-82.1EGP is the breaking point to go long or short FOREX IS A VIRTUE COMI is THE key driver for EGX30, its weight is almost 30%, followed by the Fertilizers sector (MFPC & ABUK). When COMI outbreaks, Ferts are SHY.
Buyers' confidence that MPCO reached its bottom price @74.6 -74.9, will lead to the upswing
one complete Marubozo above 128.4 EGP is the driver to short term target of 135 EGP, and the the ultimate outbreak to the Golden target of 156 EGP
one complete Marubozo on daily timeframe will make my day @24.5 EGP will lead to a breakout toward the all-time high
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.
The Bebining & the ending of the trading day was outstanding. CCAP outbreak is exceptional
positive outlook, with 3X average volume. heading for the touchdown.
5M timeframe below KUMO Chikou span downward facing Rebound breaking point 119.6-120.17EGP