TarekGadallah

TarekGadallah

two identical doji candles with increasing volume Amazing shape

TarekGadallah

EGX 70 shows two patterns (Head and shoulders --- constructed A wolf wave (orange line) which can give the support to EGX 70 and switch the trend back to uptrend ---- probable rebound breaking the wolf wave will lead to medium term down trend.

TarekGadallah

first resistance @ 1.75 breaking it will lead to 2.03 L.E then 2.85 L.E

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Breaking 0.306 L.E most probable will change the behavior to uptrend Other Resistances 0.32 , 0.35, 0.4 ,0.45, 0.56

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Almost reach main support red line - probable rebound from 0.52 ~ 0.56 Target 0.77 , 0.9 , 1

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probable uptrend Resistance 0.5 Target I 0.62 Dr. Tarek Gadallah

TarekGadallah

EGX 70 show better performance than EGX 30 due to foreign investors and world political situation

TarekGadallah

The main support @ 36.66 L.E Other support points around 18 L.E then 8 L.E

TarekGadallah Updated 

EGX30 support for Head and shoulders @ 11400 Breaking 11400 will lead to 10800 Dr. Tarek Gadallah

TarekGadallah

EGX 70 supports as follows:- 1- Moving support red line (in case of rebound from this line Targets will be @ 2480 and 2800 as shown) 2- in case of breaking down the moving support line - another support - the dash red-line @1930 (Targets will be previous top then double bottom target) Dr. Tarek Gadallah

TarekGadallah

construct inverse head and shoulders Targets 0.47 and 0.497 L.E Dr. Tarek Gadallah

TarekGadallah Updated 

Most probable stock will change the trend to uptrend Resistances 2.31 , 2.5 , 3.3 and 4.9 L.E Support @ 1.82 and 1.5 L.E Dr. Tarek Gadallah

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MNHD almost complete strong accumulation phase During 2022 it is expected that , the stock will hit 5.7 L.E and may extend the move to 8 L.E Dr. Tarek Gadallah

TarekGadallah Updated 

The area from 1800 to 2000 point @ EGX70 is a rigid support area from technical analysis point of view , it is a high probable rebound area Dr. Tarek Gadallah

TarekGadallah Updated 

Support @ 0.83 - Probable bottom Dr. Tarek Gadallah

TarekGadallah

EGX30 today and tomorrow examine critical resistance Breaking it will lead to medium term target rebound or false break will lead probably to medium term support Dr. Tarek Gadallah

TarekGadallah

EGX70 will test soon its downtrend resistance @ 2420 breaking this resistance will change the trend to sideway OR uptrend Dr. Tarek Gadallah

TarekGadallah

EGX30 currently test @ 11500 to 11660 This strong resistance need very good news to break it on the other hand, we can see correction in EGX30 if the index rebound from this resistance Dr. Tarek Gadallah