- EGX30 came near the 60% Fib level and it was due to a pullback. - It cant stay overbought for too long and a healthy pullback was necessary. - In my opinion, it can stay in a range for a couple of weeks and its a good opportunity to add more shares to winning trades. - In case the market decides to pullback more than the range. stop losses for each trades...
Monthly trendline breakout on $SFL. resistance around the 13 area, but if cleared 15 & 18 are next targets imo.
ESRS is likely continuing its bullflag with fib levels as potential targets.
- 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.
stuck in a range for couple of months. already its in a good area to start adding shares imo.
EGX30 found support on the 50ma with 2 candles = 1 pin bar, same like last it hit that same moving average. 80% probability of a continuation to the upside