DIGITIZE EGX | Breakout or Breakdown? Key Levels & Trading Strat
DIGITIZE FOR INVESTMENT AND TECHNOLOGY (EGX) is currently trading at EGP 3.00, showing signs of consolidation within a descending triangle pattern. The price is attempting to break out from a downtrend, with Ichimoku cloud resistance and key support levels in play.
In this analysis, I outline a Stop-Loss & Take-Profit strategy to navigate the next move efficiently.
🔹 Key Resistance Levels:
EGP 3.60 → First target
EGP 3.90 → Second target
EGP 4.90 - 5.00 → Strong breakout potential
🔹 Key Support Levels:
EGP 2.75 → Near-term support
EGP 2.30 - 2.40 → Strong support zone
Entry: Buy after a confirmed breakout above EGP 3.20
Take-Profit 1: EGP 3.60
Take-Profit 2: EGP 3.90
Take-Profit 3: EGP 4.90 - 5.00
Stop-Loss: Below EGP 2.75
In this analysis, I outline a Stop-Loss & Take-Profit strategy to navigate the next move efficiently.
🔹 Key Resistance Levels:
EGP 3.60 → First target
EGP 3.90 → Second target
EGP 4.90 - 5.00 → Strong breakout potential
🔹 Key Support Levels:
EGP 2.75 → Near-term support
EGP 2.30 - 2.40 → Strong support zone
Entry: Buy after a confirmed breakout above EGP 3.20
Take-Profit 1: EGP 3.60
Take-Profit 2: EGP 3.90
Take-Profit 3: EGP 4.90 - 5.00
Stop-Loss: Below EGP 2.75
Note
Take Profit Target 1 : Achieved Note
Take Profit Target 2 : AchievedTrade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.