"Market Melodrama: Unraveling the Bullish Cross and the Battle of the Doji" Alright, let's break down this CCAP chart drama with a dash of spice: So, first up, we have this glamorous "bullish cross" where our short-term trendsetter, the 20-period EMA, decides it's time to strut its stuff above the 50-period EMA. This is like watching the underdog in a movie...
strong chart its up from strong demand yellow zone it forms large bullish harmonic butterfly pattern its target 1.74 EGP ADD on it forms large inverted head and shoulders pattern its target 1.93 EGP
This Chart Take Years to Accomplish . Monthly time frame. Big triangle lower barrier is arround .93 Near support 1.182 , 1.14 Good buy area. ^ ^ Resistance levels on the chart also considered resistance the upper boundary of the triangle. Wish you best of luck.
In one hour chart Inverse Head & Shoulders in constructing phase Confirmation by breaking 1.366 L.E Target 1.53 L.E Dr. Tarek Gadallah
Breaking 1.55 L.E will pave the way for short term uptrend to 1.7 L.E On the other hand breaking 1.296 L.E will lead to 0.8 L.E
If the shown flag break down (True break for 1.588 L.E) , the stock will retest the previous covid 19 low This not mean the stock will reach the previous bottom exactly , The stock can react like "Abuk" This only valid if the flag pattern break down Breaking up is also probable with lower possibility
During the last two weeks a noticeable change in behavior for CCAP This start by about 20% rally uptrend , followed by accumulation in form of uncompleted Flag pattern Completing the Flag pattern lead to the shown probable target.