ABUK ended last trading session with positive volume & above average.
All indicators witnessed the begining of the new era.
Targets, and Support & resistance are explained in the idea
Jinny Gann Grid & Levels are on the Chart
Jinny Gann Grid/Horizontal Lines Works as Support / Resistance.
Important levels for the Big Cycle on the chart.
Please Make sure u need to zoom in to Present to see a good picture of Important Support/Resistance
Crosses Near the price The green trend and the Red.. Expect a Reversal at the Exact point with High...
MTF indicating ending the correction
Market structure Bull
FVGs filled
still some business are non-completed @90.5 EGP
once crossing this price band, heading toward 105EGP
ABUK, EGX, on 1-hour chart:
To test support level 43 - 42 before rebounding to 48.
By crossing 48, the next target will be 53
Stop loss at 42 - 40 should be considered, as the stock has over-bought signals in the long term.
ABU KIR is expected to move side ways for couple of weeks before reaching potential 53 within few weeks. Good range for buying even though EGX30 is going down
As you can see the inverting taking to much effort,meaning some heavy shark collecting as long as he can, the bars reached lowest price and its time to collect as much as you can. EGX:ALCN
What Are Fibonacci Retracement Levels?
Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.
Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and...
Three upward compound waves have been completed, and two out of three corrective bearish waves have been made, and one last wave remains, and the corrective decline ends and a new ascent begins.
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ABUK (EGX) - Moving in Channel with Bullish
