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EGX30 to test 25000, targets 26490 after crossing up
EGX 30 Index
Long
EGX30 to test 25000, targets 26490 after crossing up
By snour
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Updated
Dec 13, 2023
6
1
1
Dec 7, 2023
1-hour chart,
The Egyptian market index EGX30 is rebounding to the resistance line BLUE, from the support line RED.
Above 25000, the target will be 26490, passing through the shown resistance levels.
Stop loss 24400
Dec 10, 2023
Trade closed: stop reached
Dec 13, 2023
Note
Note on EGX: A market-wide correction pulled all the stocks down and the stop activated. However, all stocks will rebound.
Chart Patterns
EGX30
egypt
index
Technical Indicators
uptrend
snour
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EGX30 to target 32600 (monthly time frame)
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