Steady Grind on AMOC- My entry area is marked in green
- Trendline resistance @ 13.50 area
- Breakout of this trendline can send it to 14.80 area.
- Watch out 'cause AMOC likes to do liquidity grab, so give it space to move.
555.00 M
About ALEXANDRIA MINERAL OILS COMPANY
Sector
Industry
CEO
Amr Ahmed Lofty
Website
Headquarters
Alexandria
Founded
1997
ISIN
EGS380P1C010
FIGI
BBG000F14G91
Alexandria Mineral Oils Co. engages in the production of oil and paraffin wax. Its products include fully refined hydrotreated and unhydrotreated paraffin waxes, transformer, base, and fuel oils, and automatic transmission fluids. The company was founded on May 6, 1997 and is headquartered in Alexandria, Egypt.
AMOC wait till it tests the main resistance at 10.17I don't recommend buying until it gives a better sign, or testing 10.17 if it crosses down, will test the demand zone with a range of 9-9.4
AMOC to target 14.4 after crossing resistanceDaily chart, AMOC is trading in a descending channel, and it seems a chart pattern will be formed - a flag / inside a triangle.
After crossing the resistance (at 10.35 - 10.4), the target will be 12 and 12.6 , then some correction may happen at 12.6 before reaching the target 14.4
Stop loss below
AMOC, has positive signs of up movement, to target 11AMOC, EGX,
On daily chart, the support level is building up at 8 - 8.15
Crossing the upper channel line at 8.6 will push the stock to higher targets, 9.2, 10, 11
AMOC is building support, to target 10.61 in 2-3 daysAMOC , on the 1-hour chart, is showing signals to move away up from the support level of 10 - 10.02 and the target will be 10.61 in 2 - 3 days.
Stop loss at 10.0 should be considered.
AMOC to target 13.95 soonAMOC is preparing to cross up 11 - 11.1, then the target will be 13.95 - 14
There are technical indicators including RSI; to support this view.
Note: Stop loss level 10.6 (closing below for 60 minutes)
you can buy amoc between 4.13 - 4.07this is technical analysis for short term on hourly chart
buy at 4.07
target 4.47
stop loss 3.90
AMOC 2023/06/18AMOC didn't break the support line at 8.0 LE I am expecting it to reach up to resistance line 10.5 LE if it breaks the 8.0 LE support line you have to get it back at the second support line at 6.5 LE.
AMOCEGX:AMOC
One of the best stocks in Egyptian Market, Good opportunity to buy at current levels 7.6 - 7.8
It has to be watched closely till it closes above 8 EGP, once done it should fly high.
Else, close the trade asap and wait a bit more for good entry.
Good Luck
Amoc Long TermSchiff Pitchfork
The Schiff Pitchfork is a drawing tool used in technical analysis that is derived from the standard pitchfork. There are three basic components of a standard pitchfork. There is a center median line (trend line) as well as two more sets of lines above and below that median line. The
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Frequently Asked Questions
The current price of AMOC is 8.36 EGP — it has decreased by 1.30% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on EGX exchange ALEXANDRIA MINERAL OILS COMPANY stocks are traded under the ticker AMOC.
ALEXANDRIA MINERAL OILS COMPANY is going to release the next earnings report on Apr 25, 2024. Keep track of upcoming events with our Earnings Calendar.
One year price forecast for ALEXANDRIA MINERAL OILS COMPANY has a max estimate of 11.00 EGP and a min estimate of 9.82 EGP.
AMOC earnings for the last quarter are 0.25 EGP whereas the estimation was 0.13 EGP which accounts for 92.31% surprise. Estimated earnings for the next quarter are 0.41 EGP. See more details about ALEXANDRIA MINERAL OILS COMPANY earnings.
ALEXANDRIA MINERAL OILS COMPANY revenue for the last quarter amounts to 7.05 B EGP despite the estimated figure of 7.05 B EGP. In the next quarter revenue is expected to reach 7.10 B EGP.
Yes, you can track ALEXANDRIA MINERAL OILS COMPANY financials in yearly and quarterly reports right on TradingView.
Like other stocks, AMOC shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ALEXANDRIA MINERAL OILS COMPANY stock right from TradingView charts — choose your broker and connect to your account.