EFG Hermes Egypt will target 27, then 30 and 33.3

Daily chart, the stock HRHO is forming a rising wedge pattern (Between R and S2), where the support line S2 should be carefully monitored. A Stop Loss below line S2 should be considered.
Below S2, the probability will be high to fall to S1

The technical indicators RSI and MACD are in favor of bullish movement; which should be targeting the upper resistance line R at around 27.0

Above R for 2 days, the price will target 30 and 33.3
Chart Patternsefg_hermesegxHRHOTechnical IndicatorsTrend Analysis

Also on:

Disclaimer