- 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 should be monitored. and sell losers.
- 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 should be monitored. and sell losers.
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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.