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.
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Emaar Egypt is positively bullishDaily chart,
The stock EGX:EMFD has been consolidating between 7.3 and 8.7 in sideways movement. The current technical indicators RSI and MACD are signalling a positive bullish direction.
After a resistance breakout and stabilizing above 8.7 for 2 days, the target will be 10.11
Consider keeping a near profit protection / stop loss level.
Faisal Islamic Bank is preparing to breakout !Daily chart, the stock EGX:FAITA is trading in a falling channel, inside a descending triangle.
By closing above Resistance line R (around 0.992) for 2 days, the target will be 1.025
The next weekly target will be 1.06 then 1.15
The next monthly targets will be 1.22, 1.26 extended to 1.55 (long term)
Note: Consider a near stop loss and raise it as the stock price goes up.
Mansourah Poultry, should target 1.30 (then 1.60)Daiy chart, the stock formed chart patterns (Cup & handle - Rising Triangle) and the target will be 1.30 passing through 1.13 and 1.21 resistance levels.
Stabilizing above 1.14 the target 1.60 will be activated.
Technical indicator MACD is positive, while RSI is in over-bought zone; some minor correction may happen before resuming uptrend and crossing next resistance level..
AMOC Egypt has a good trading opportunity to 8.9AMOC Egypt has a good trDaily chart
The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9)
Technical indicators RSI and MACD are supporting the bullish view.
Closing above 9.0 for 3 days, the target will be 10.5
Closing above 10.9 for 2 weeks, the target will be 12
Below line S is considered a stop loss level, as the next down target will be 6.0
Note : Always keep a profit protection level, and raise it as the price goes up.ading opportunity to 8.9
AMOC Egypt has a good trading opportunity to 8.9Daily chart
The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9)
Technical indicators RSI and MACD are supporting the bullish view.
Closing above 9.0 for 3 days, the target will be 10.5
Closing above 10.9 for 2 weeks, the target will be 12
Below line S is considered a stop loss level, as the next down target will be 6.0
Note : Always keep a profit protection level, and raise it as the price goes up.
Orascom Constr. Egypt has a "conditional" target 342.71-hour chart
The stock EGX:ORAS completed a flag chart pattern (lines S1 and S2) and is re-testing a support level at 301.25
Technical indicators RSI and MACD are showing a correction is soon
Next support is line S1 (at around 294.5) - Closing below this level, the next support will be S2 (around 272)
Trading above 308 for 2 hours, the target will be 325, and stabilizing above 325 for 3 hours, the target will be 342.7 - 343
Raise the profit protection / stop loss level as the price goes up.
Emaar Egypt has a potential to 9.1 and 9.4Daily chart
The stock is trading in a rising channel - the price is heading towards the upper line (Resistance line R).
Next resistance levels will be 8.7, 9.1 then 9.4
The technical indicators RSI and MACD are supporting the positive view.
Consider a stop loss below the line SL. Currently, below 8.0
El Ezz Porcelain has a potential to target 31.6Daily chart, the stock EGX:ECAP is drawing a symmetrical triangle, between the Resistance line R and Support line S.
Closing above R for 2 days (above 24 for more safety), the price will target 31.6 passing through the shown resistance levels.
Stop loss is below S, and can be below SL line at 21 (one day, with low volume)
Below SL line, the price may fall to line S1, then S2
Remark :
Either quick trade between R and S lines.
Or wait for the new entry confirmation after crossing R.
Arabian Cement : Opportunity after breakout - Target 14Daily chart, the stock EGX:ARCC is trading in a descending channel, and a long flag chart pattern may be completed.
After crossing the Resistance line R, the target will be 12.
Closing above 11.3 for 2 days, the target will be 14 extending to 14.5
A new buy entry should be safer above 11.5 with the stop loss below 11.1
For an immediate entry, the Stop loss below SL line at 10.8 should be considered.
Lecico Egypt has a potential to re-hit Resistance line at 29.2Daily chart
The stock is trading in a broadening pattern (mainly between lines R and S); and the next level is 25.6
Above this resistance , the next targets will be 27.3, 28.0 and 29.2
The technical indicators RSI and MACD are supporting this view.
Consider the stop loss below 22.6 - And raise the protection level as the price goes up.
Obour Land is preparing to breakout - to 23Daily chart, the stock EGX:OLFI is preparing to beat the resistance line R and breakout.
Closing above resistance line R for 2 days (above 16), the target will be 19, then 23
Technical indicator MACD is positive, and RSI is near over-bought (so some minor correction may happen around the breakout level.
Consider stop loss below the line S or below 14.1
Ismailia Poultry targets 12.1 then 13.9 after crossing 9.5Daily chart, the stock is trading between support level 8.6 and resistance level at 9.5
Closing above 9.5 for 2 days, will push the price to the shown resistance levels.
Consider a stop loss below 8.6, and raise the level as the price goes up for profit protection.
Technical indicator MACD shows a consolidation in this range is still going on.
Concrete Fashion (Arafa) positively on uptrendWeekly chart, the technical indicators MACD and RSI are supporting the uptrend of the stock.
There are resistance levels at 0.83 and 0.91
The target is 0.98 - 1.00 after crossing 0.91
Consider a near stop loss below 0.72
Note: Low volume trading on the daily time-frame.
Delta Sugar, Egypt, has a potential to 90'sDaily chart, the stock EGX:SUGR is trying to beat the resistance level at 73.7
2 days closing above 74, the target will be 89.9 then 96.4 extending to 99.8
The support line S should be considered for the near stop loss level for the daily time-frame.
Currently at 70.5
Technical indicators RSI and MACD are supporting this bullish view.
Madinet MASR targets 5.7 after the breakoutDaily chart, the stock EGX:MASR is expected to rebound from the support line S to hit the resistance line R at around 4.57 - 4.56
Immediate stop loss below S (4.22)
Another bullish setup will be triggered after crossing the dashed line R1, and closing above 4.70 for 2 days, the target will be 5.6 - 5.7 passing through a resistance level at 5.2
Note : Be careful with the profit protection / stop loss levels.
EFG Hermes Egypt will target 27, then 30 and 33.3Daily chart, the stock EGX: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
Egytrans is preparing to target 4.60 soonDaily chart, the stock EGX:ETRS dropped from 4.84 to 4.10 and renounced to 4.30
The technical indicators RSI and MACD are telling the price will soon go to 4.50 extendable to 4.60
Note that 4.36 level is a resistance and there may be some fluctuation around this level; before resuming upwards.
Stop loss below 4.25 should be considered
Credit Agricole should target 25.8 in few weeksDaily chart, the stock EGX:CIEB is trading in a rising pattern (expanding triangle), and I am expecting the price will go upwards to hit the resistance line R at around 25.8 passing through the shown resistance levels.
The technical indicators RSI and MACD are signalling a soon bullish rally.
The Stop Loss line SL should be monitored