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Egx

COMI Egypt can exceed 104 in 6 monthsWeekly chart, The stock EGX:COMI has formed a symmetrical triangle chart pattern, and crossed the Resistance line R. One more week above R, to confirm, the target will be 104.3 - passing through several resistance levels as shown on the chart. A new entry (buy) can be made immediately before confirmation with higher risk, and consider a stop loss below 76.0 Technical indicators RSI and MACD are positive. NOTE: Keep a near Profit Protection/ Stop Loss level.
EGX:COMILong
by snour
RAYA Egypt may go bullish towards 5.30 !Weekly chart, I see a pre-formation of a widening rising wedge pattern, and the stock EGX:RAYA is preparing to go on a bullish movement towards the upper line R There is a very strong resistance level at 3.00, then resistance levels at 3.60 and 3.74 (At each resistance level, be careful with your profits!) The technical confirmation is closing 2 weeks above 2.45 for a new entry (buy) Long Term Targets 4.00, 4.30, 4.50, 5.00, 5.30 Note: Stop Loss should be considered below 2.30 - 2.27
EGX:RAYALong
by snour
2
ICID Egypt - A bullish long-term patternWeekly chart, The stock EGX:ICID is trading inside a symmetrical triangle pattern between Support and Resistance lines (S and R) The technical indicator RSI can be seen as drawing the same pattern (waiting for crossing up the R RSI line as a confirmation). MACD is crossing up its signal line.. However, it is still technically negative. So, I can expect a new bullish movement towards the Resistance line (at around 4.45) Crossing up the R line and trading above it for 3 weeks - with high volume, the long term target will be 7.45 NOTE: Consider a near profit protection / stop loss level for this stock, as it is volatile and impulsive!
EGX:ICIDLong
by snour
TAQA Arabia Egypt - To target 13.2 after crossing ResistanceDaily chart, the stock EGX:TAQA is trading in a rising channel, the price reached the support and is supposed to rebound upwards to target the Resistance line R at around 13.25 Consider the new entry Buy above 12.25 (2 days close) for more safety, or buy in parts down to 12.0 Stop loss below 12.00 (for 2 days) should be considered. Note: Closing above the Resistance line R for 2 days, the next target will be 14.3 passing through resistance level at 13.5
EGX:TAQALong
by snour
Go Green Egypt: To be Monitored for Rebound!1-hour chart The stock EGX:GGRN was recently rolled out in the EGX stock market, and fell sharply since then. It should be monitored for the rebound confirmation signals; to grab the new bullish wave. Above 1.25 will be a good entry. However, for higher profit/risk, buy in parts down to 1.15, then the first sell target will be 1.35 Closing above 1.35 for 3 bars with high volume, the next target will be 1.60 Consider a near profit protection / stop loss level, as this stock is volatile.
EGX:GGRNLong
by snour
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
EGX:AMOCLong
by snour
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.
EGX:AMOCLong
by snour
4
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.
EGX:ORAS
by snour
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.
EGX:ECAPLong
by snour