EGX Weekly Analysis
Updated
- 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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