Stock CERA EGX Egypt, On the weekly chart, it is going through slow accumulation, It is expected to leave this level soon, targeting 1.4, in uptrend movement for 16 - 20 weeks. The high probability for more Egyptian pound devaluation will push prices up.
On 30-minute chart, the pattern and technical indicators RSI and MACD are supporting the following: CERA is expected to test 0.966 then go up to 0.967 After crossing 0.970, the target will be 1.06 Stop Loss 0.860
Correction levels. and possible Channel. Fib levels Support Trendline
NEXT MARKET MOVE UP TO 2023 At the bold black line, a major area, At the orange line, a sub area WE CAN UPDATE AFTER BROKEN
Almost reach main support red line - probable rebound from 0.52 ~ 0.56 Target 0.77 , 0.9 , 1
This demonstration shows how the market generally behaves and how to trade these behaviors, It represents the main two states of the market "stable state" and "trending state", In this figure, you can get an idea of how and where to enter the market and how and where to exit, You can also understand that each market state should have its own trading style, I hope...
This is A Rocket Stock with potential flag pattern - if breaks the 9.35 - 9.50 area the stock can reach 13-14