one complete Marubozo above 128.4 EGP is the driver to short term target of 135 EGP, and the the ultimate outbreak to the Golden target of 156 EGP
5M timeframe below KUMO Chikou span downward facing Rebound breaking point 119.6-120.17EGP
Buy Position 123 Target 134 Stop Loss 120 Risk to Reward 4.9%
Daily chart, the stock formed a descending triangle, and pennant chart patterns, and the target is 103 Technical indicators RSI and MACD are positive, confirming this uptrend view.
- good chance that there may be a continuation for EGAL to the upside. - Volume has decreased during consolidation, which is my only con for this trade. but it may pick up during the move. -Make your decision, size accordingly, and manage risk.
Hello Dear Traders, Egal Finished its 1st Big Cycle from 2020 Bottom. You have The important levels on the chart Each level Will work as Either support or Resistance Also you Have Jinny Gann Fans. Gann Square of 9 Script Used "Jinny Gann" invite only script Best Regards
ascending triangle provides good entry at 13.00 level to aim the target 15.20 with a stop loss closing under 12.60