positive outlook crossing Green Kumo opens the gateway to heaven 89-110 consecutively FVG @ 72 is a challenge Bearish OB between 72-83 Fundamentals analysis is your KSF (key success factor)
Buyers' confidence that MPCO reached its bottom price @74.6 -74.9, will lead to the upswing
Trading above the the bullish order block Poor daily volume Resistance + 75.20, 75.75, and 76EGP RULE of THUMB: comi breakout leads to FERTILIZERS eclipse
COMI, MFPC, ABUK, ALCN, AMOC, SKPC, BINV, EGCH, & sugar are the main drivers for the fall. Traders' sentiment is to trade in strong balance sheets with solid fixed assets as well as avoiding trading in MYX:REVENUE stocks. EGX30 is heading toward 26,600 points to end this correction or the correction will end as soon as FLOATING the EGP.
minor correction in the short-term still positive outlook .. mid-term & long-term uptrending can increase position size by buying @FVG levels.
Green Kumo formation on 5 timeframe, TK Cross 13:50 ... FVG is on the corner. Positive uptrend, Purchase point 81.5-82, target 83.9 EGP The key success factor for this idea is the maintaining USD EGP parallel market rate above 65EGP