Monthly chart, EKHO is still suffering (relatively) low volume trading, and the last candlestick is not complete.
We need to wait a strong rebound from the support line, and then the crossing of the medium term resistance (GREEN). Above this level (around 1.05), the target will be 1.37 then 1.57 (to test the long term resistance - BLUE line)
Technical indicator...
Daily chart, the stock is pushed down to test the support line, and most probably will rebound from 230.
Above 255, the targets will be in steps reaching to 400
Stop loss should be considered.
EKHO is getting into the strong buy area.
On the weekly chart, the RSI and channel pattern are supporting this view.
The target is 1.4
Stop loss line is shown in red, znd should be noted.
EKHO , EGX
On the monthly chart, started the accumulation stage.
To target 1.5 in 14 - 15 months, as long as the stock remains above the support level 0.95
EGX:EKHOA
Egyptian Kuwaiti Holding has reversed around 34 EGP to continue the uptrend again supported by Stochastic-RSI indicator and last day candle close above previous close.
Also we have clear inverted head and shoulders pattern.
Expected to go up to 38 EGP before the next correction.
