MTF analysis Even though under green kumo, you can witness the Positive outlook. the upward facing Chiko span, green bar with long wick. resistance @35EGP targets 36, 41 & 45 EGP
SKPC: Bullish signals confirmed MTF confirms the breakout as well as Chikou span, RedeK Everex, Adaptive MACD, & EW.
Short term outlook on the five minutes timeframe, it's positive and moving forward Green Kumo formation, and schikou above TK. Dealbreaker for this intraday transaction is USD to Egyptian pound forex rate (parallel)
Daily chart, the stock SKPC has been trading in an expanding triangle since May 2023, and it is trending upwards - as supported by the positive MACD and RSI indicators. Targets are 32, 34, then 37.7 For daily trader, the stop loss below 28.5 should be considered.
All indications reveal that it willingly hits all resistance
A strong momentum downing .. trend and its retracement suggest a down target of 8.93 I expect a rebound upward movement from 11.02 till 12.06 where shorting may occur before it continues its down target journey .. Best wishes ..