TMGH Trend Analysis TMG Holding trend is still in its neutral zone, reflecting bearish dominance over the bullish. In case of rising, it's expected to reach the resistance line 53.198, the second resistance line 53.228, then the third at 53.47 points. In case of falling, it is expected to reach the support line 52.956, the second support line 52.775, then third support line 52.684, but fundamentally it's a far expectation because of TMGH Q1 net profit after tax is EGP 4.42 Billion versus EGP 4.14 Billion year ago. Secondly, revenue was EGP 9.43 billion versus EGP 6.79 billion a year ago. Thirdly, outstanding real estate sales of EGP 77.2 billion. Fourth, the group's backlog amounted to EGP 350 billion.
Buyerseller
EGX30 Upward TrendEGX30 stock shifted to a higher zone, between 32,191 resistance line and 32,006 support line, reflecting the buyers' dominance over the sellers'. It is expected to not breach the resistance line at 32,191 points since that there is no historical trend, but in case of falling it's expected to reach the support line 32,147 then 32,094 then 32,006 points.
MO being tested by FDA fears and Institutional SellingIf any stock can do a fakeout, it's Altria. We've seen intense selling to where the RSI is no good. FDA pressure and fears of menthol bans accelerated the selling momentum. We broke down through the channel, furthering bear strength and then through a strong support slope. Yearly bottom of April has held. I'm seeing a bear flag, yet overlapped with a semblance of a bull flag on smaller timeframes. Until buyers can settle above 57 at a close, today could be just a small reprieve in the overall drop. Hoping for bull momentum to return and the downward slope to prove as support. February's Support slope will likely prove as strong resistance in the future. 56.34 area as current immediate resistance... A strong upward break through 57.10-57.33 will be important to reclaim trading zones.