On the daily chart, the stock COMI is trading in a channel, with a support level 47, and the target is 58.5 after crossing 53. RSI and MACD techn. indicators are positive for uptrend. A re-test at 51 - 51.5 is OK, before crossing up. Stop loss should be considered.
Comi Closed Below 50.20 today, with a Bearish Engulfing candle. Support Areas on the Chart: 1st Support : 47.78 - 48
Is it going all the way down or the weekly trend will push it to newest publish level !!
Why did I enter a buy @ 49.13 and why did I put my stop loss @ 47.13 1. On day 19th march the session ended up forming a doji, which is a clear sign that indicates a possible reversal in the trend. The doji forms its own resistance and support areas , which is indicated by its tails. This takes us to the second point, 2. The tail of doji formed a strong support...
This is not a financial advice only an analysis COMI is an uptrend as shown in the graph, and after 2 weeks of dropping in price a doji has appeared which may suggest a possible reversal in chart, as well as the CHOCH that you can see
Five bullish historical waves have been created, and we are at the end of a fifth wave, and three bearish corrective historical waves are in progress.
Dear Friends, Correction so far as long as its above 1.592 1.52 even if its going for the Bearish scenario, there is a trade up 1st to Form B >> Expect around 50 - .618% fib So i am Bullish on Buying for a trade between 1.63 - 1.592 and will watch for the price action there for a confirmation. On the Chart Fib Channel. and Price points. Good luck
THIS IS NOT A FINANCIAL ADVICE, THIS IS ONLY A PERSONAL OPINION, WOULD LOVE TO HEAR YOURS IN THE COMMENTS I believe this drop in price is only a correction due to the huge jump from 45 to 47.8. The price broken the trend line and is supposed to have a strong support @ 47.965 and 46.614. The final support before a bearish would be 43.04. So to conclude i...
This is not a financial advice, but only a personal opinion Since my last prediction and trend analysis was accurate thanks to god first, I assume since it stabilized over the 50.834 which was the previous resistance, the next resistance will be @ 51.870 and possibly 52.491. The stronger support is @ 49.382 and @ 47.96 Please follow and like if you...
BULLIISHHH As you can see here the price has passed both resistance line @ 46.58 and @ 47.96 and stablized above them both, this means that it will have a new target of 50.87 THIS IS NOT AN INVESTING ADVICE, I AM ONLY SHARING MY THOUGHTS, AND WOULD LOVE TO HEAR YOURS EGX:COMI
The Commercial International Bank, on the hourly curve, confirmed that there had been a reversal between the price movement and momentum, and retested the confirmation level at 43 Egyptian pounds, and the price is likely to reach the level of the demand area at 37.80-37.00
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
Frist, we show on the top 4 Resistance lines in yellow and on the bottom one support line in green . and we show a pattern of Two heads but upside down . and the result of that, that the price of COMI Stock will increase to more than 51.000
The main support @ 36.66 L.E Other support points around 18 L.E then 8 L.E
Uptrending showing a bigger head and shoulders pattern it works for a target of 67.95 & then the pattern target which is 68.82 Good luck and enjoy this trending leader of EGX30