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El Ezz Porcelain has a potential to target 31.6
EL EZZ PORCELAIN (GEMMA)
Long
El Ezz Porcelain has a potential to target 31.6
By snour
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Updated
Oct 22
4
Oct 9
Daily chart, the stock
ECAP
is drawing a symmetrical triangle, between the Resistance line R and Support line S.
Closing above R for 2 days (above 24 for more safety), the price will target 31.6 passing through the shown resistance levels.
Stop loss is below S, and can be below SL line at 21 (one day, with low volume)
Below SL line, the price may fall to line S1, then S2
Remark
:
Either quick trade between R and S lines.
Or wait for the new entry confirmation after crossing R.
Oct 22
Trade active
ongoing
ECAP
egx
Trend Analysis
Triangle
snour
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