EGX30 stock started to fall, reaching the 32,383.579 support line, the 32,343.473 support line, and the 32,283.315 support line, showing the sellers' dominance over the buyers. This is because investors are cautious about the U.S. meeting with many countries, including China, on trade deals, aiming to secure a fair trade deal. In addition, it was expected that the EGX30 would not breach the resistance line 32,463.789, as there is no historical upward trend in this zone.
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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.