Stock analysis based on Ichimoku & other indicators. watch the video idea to find out about the details. The narrative is Arabic. The innuendo lies in COMI who vacuumed all liquidity today
Daily chart, the stock is trying to beat a tough (cluster) resistance zone. Crossing this zone, and closing 2 days above 32.5 will activate the target 39.0 Resistance cluster zone: Resistance line R1 (blue) + Long term RL (dashed green) Stop loss to be considered below S1 line.
Daily chart, the stock is trading in a rising widening wedge, and has a tendency to cross the long term Resistance line (RL) at around 32.7, then the target will be 38. Above the resistance line R1, the target will be 50 - (then 55 on the weekly time-frame)
30-min chart, the stock reached an area of multiple resistance lines. Above 27.9 will target 30.3, then up to 32 Watch the stop loss. The stock needs a strong push to cross the GREY line - above which a far target will be seen.
after closing daily above 9 we can see easily the following targets
SWDY break medium term trend , this is the first bullish sign since few months
To consider buying EGX:SWDY I think it would be important to have the market breaking above the black line and closing considerably above the 10 in an upcoming day (Above the green rectangle ) .It would very likely then to continue up to around the 12.5-13.5 area (first blue rectangle) with a potential to reach the 16-17 area at the second blue rectangle . For...