Weekly chart, the stock EGX:EEII is supposed to continue trading in the rising channel and test the resistance line at around 1.80 Trading for 2 weeks above 1.80, the target will be 2.50 - 2.55 passing through a resistance zone at 2.00 - 2.10 Technical indicators MACD and RSI are supporting this positive view. Note: Stop loss below 1.24, and to be raised...
Watching the November high for a potential breakout. EEII is highly volatile, tight stoploss is not a good idea. Probability that if this breakout happens may trigger an impulsive move. Of course nothing is certain.
30-min chart, EEII is trying to cross the resistance line (blue). After crossing around 1.50, the target will be 1.60 passing through the shown resistance levels. Stop loss below 1.47
EEII , On the weekly chart, the technical indication are positive for good uptrend. Breaking the line of 1.10, next target is 1.39, then 2.20, and more..