ASPIRE Egypt has a positive uptrendWeekly chart,
The stock EGX:ASPI is trading in an ascending broadening channel.
The target is the upper resisitance line R, at around 0.395, expected in 4 months.
Technical indicators RSI and MACD are supporting this positive view.
Consider a near stop loss / profit protection level - as the stock is volatile.
ASPI
ASPI Short (Overbought) Asset Class: Stocks
Income Type: Daily
Symbol: ASPI
Trade Type: Short
Trends:
Short Term: Down
Long Term: Up
Set-Up Parameters:
Entry: 3.52
Stop: 3.64
TP1 2.92(5:1)
Trade idea:
1h RBD formed as the stock overbought, trading the correction of the uptrend targeting the formed FVG and the DZ at 2.90
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
ASPI LONG 11/10/2024Asset Class: Stocks
Income Type: Daily
Symbol: ASPI
Trade Type: Long
Trends:
Short Term: Up
Long Term: Up
Set-Up Parameters:
Entry: 2.82
Stop: 2.67
TP1 3.26 (3:1)
Trade idea:
1h RBR at breakout, and within a FVG
Uptrend continued
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
ASPI LOOKING FOR BEARISH IMPULSE INSIDE THE CHANNELASPI is moving perfectly inside the channel formed where we see the recent price is being respected on the upper boundary formed. The reversal signals for a retracement back towards the lower boundary formed which is holding close to 50%-61% on the fibonacci retracements.
Bullish Breakout in ASPI: Strong Trend Continuation ExpectedASPI is currently experiencing a bullish breakout from a triangle pattern, indicating a strong upward trend. A daily resistance level near 11500 has been identified, suggesting a possibility of a return to the highlighted zone. The prevailing market sentiment supports the continuation of the bullish trend, making it likely to reach the anticipated target effortlessly.
CSE - ASI 6/19After recent breakout bourse took a breather after getting rejected at golden pocket fib level.
currently its nearing the support zone roughly at 9150 range.. expecting a bounce here while forming another HH and HL formation. Failure to that pullback could extend to 9030 levels.
lets watch!
Sun shining past a major trendlineSUN.N0000 is an aggressive growth company growing through M&A's. With margins under pressure due to the economic crisis in the country SUN was not able to perform as expected however going forward they will be able to improve margins with the economy recovering, this along with a reduction in lending rates is expected to significantly boost net income for the group.
For the previous quarter net finance cost stands at 25% of EBIT (FC ->34% , FI -> 8.5%)
Tight consolidation following a good quarterThis penny stock has been consolidating for several weeks following an excellent quarter where the company reported an EPS of 0.54 driven by strong top-line and margin growth. Repetitive performance will warrant a rerating and a strong momentum upwards in the counter.