analysis : MFPC-ABUK-SKPC-RAYA Timeframe: 5 MINUTES OUTLOOK Technical indicators : 1-VWAP 2-ELLIOT WAVES 3-ICHIMOKU
The demonstrated concept is based on FVG, Order Block, and Ichimoku Kinko Hyo. The narrative is in Arabic, and channeled toward Arabic speaking trader in CASE. Disclaimer: this is not an investment proposal; if you want to invest consult your investment/wealth manager.
Weekly chart, RAYA should trade between the green and blue lines, then cross at 3.49 - 3.46 Technical indicator MACD is confirming this uptrend. Above the blue line (3.50), the target will be 5.45 Stop loss 2.75
circle angle 360 final target 2 then 1.74 however it will go up to 3.03 then 3.29
I think RAYA is going to increase reaching good levels (2.8 EGP) and (3.36 EGP) in short term (~2 days) and (~10 days)