PHDC to target 4.33 after crossing 3.52Monthly chart,
PHDC targets 4.33 after crossing the resistance line at 3.52
A very long term target is 9.35 after crossing the 5.0 resistance (high of April 2018)
Stop loss 2.8 should be considered
Egx
Maridive Egypt has a potential to rebound & target 0.432, 0.450Daily chart, the stock EGX:MOIL is trading in a flag chart pattern inside an expanding triangle.
I see the price has a high probability to rebound to resistance line R1 from the support zone 0.375 - 0.371, then the target will be blue line R2 (around 0.408 - 0.405)
Above R2, the targets are shown on chart.
Note: New entry should be after clear rebound.
Stop loss below 0.370 should be considered.
Sidi Kerir Egypt is preparing to go uptrendDaily chart, the stock EGX:SKPC has formed 2 patterns: symmetrical triangle and cup.
After crossing resistance line R around 30 - 31, the target will be 36 then 40
The technical indicators RSI and MACD on the weekly time-frame are signalling an uptrend.
Stop loss below 28 should be considered.
Speed Medical Egypt has a potential to 0.60Daily chart, the stock EGX:SPMD is trading in a rising channel, and the technical indicator MACD is positive.
I see the stock is preparing to break out the resistance (upper channel line R) to target 0.47
Trading above 0.47 for 2 days will activate the targets up to 0.60
Consider stop loss below 0.36
Kima Egypt should target 11Daily chart, the stock EGX:EGCH is preparing to cross the resistance zone 9.1 - 9.2
Trading above 9.2 for 2 days, the target will be 11 then 11.6 passing through a resistance zone at 10
MACD indicator is positive.
Stop loss below 8.8 should be considered.
Ataqa should target 4.7 then 5.2Daily chart, after the breakout of the horizontal channel, the stock EGX:ATQA should have a pull-back, and prepare to continue upwards to target 4.7 then 5.2
The technical indicator MACD is positive.
Stop loss below 4.15
Egyptian Kuwaiti is preparing for a nice breakoutDaily chart, the stock EGX:EKHOA is drawing a chart pattern, where the targets up to 41 and 44 will be activated after crossing the resistance zone 31 - 32
The technical indicators RSI and MACD are supporting this view.
Consider a stop loss below 29.5 - 29
Talaat Mostafa TMG is challenging!Daily chart, the stock EGX:TMGH is trading in a symmetrical triangle (for the last 72 candles). The orange dashed line is pivotal - Above 56, the price will go up to test the upper triangle's edge. Otherwise, the price will test the lower edge.
Should consider a stop loss below 55
Technical indicators RSI and MACD are almost neutral.
So, direction should be confirmed first, for the new entry.
The targets are shown on the chart are after crossing the resistance line R, and trading above it with high volume for 2 days.
Misr Fertilizers (MOPCO) has a potential to 54Weekly chart, the stock EGX:MFPC was pumped to the 70's then dropped sharply to 35.
It has started a rebound, expected to 51, then 54
Stabilizing for 2 weeks with high volume trading above 55, the target will be 66 - 68
Be careful, the stop loss should be considered as near as possible.
Asek Mining to target 75 then 94 - long termWeekly chart, the stock EGX:ASCM is trying to beat the resistance line R1 in the long pennant pattern.
Technical indicators MACD and RSI are positively signalling a formation of an uptrend.
Stabilizing above 45 for 2 weeks, the price should target 75 extendable to 94, a s a long term target.
Note the stop loss and profit protection levels - Raise as the price goes up!
El Arabia Engineering (EEII,EGX): uptrend to 1.8 then 2 and 2.5Weekly 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 along with the rising price.
OLFI In a rising waveAmong the evidence that the chart shows is that there is an upcoming upward wave, and the current level is at 14
ADPC Profits jump 193% and the stock will rise to 3.4The stock continued to rise to the 2.20 level in a very significant way and soon returned to the 2.06 level and it became support. During the current two weeks, the stock is likely to test the 2.15 level, followed by 2.20, 2.45, 2.60, 2.9, and 3.10.
NAHO (Naeem, Egypt) is seen on a long-term uptrendWeekly chart,
The stock (in USD) has a long term uptrend opportunity - targeting 0.200 and 0.220, provided that the price stabilizes above 0.165 for 2 weeks.
MACD indicator is supporting this positive view.
Note: For the next week, consider the stop loss (SL) level below 0.148 for 2 weeks. Then, raise the SL level as the price goes up.
Note: Heikin Ashi chart is used to give a better trend indicator.
MEPA has a positive indication to test 1.53 Daily chart,the stock is showing a tendency to test the ascending resistance line R1 (touching around 1.53). Above R1, the next target will be R2 (around 1.70 - 1.72)
MACD technical indicator is supporting this uptrend.
Consider a rising profit protection level, and a near stop loss for this stock.
RMDA faces strong resistance at 2.5The chart shows strong resistance for Monday at the 2.5 level that cannot be broken, and there is a lack of desire from the market maker to break this level. Support is expected at the 2.29 level. The expected scenario is that the stock will move sideways for the rest of the trading week until a "flag" is formed, after which it will break the 2.5 level and soar to the 2.8 level. This is expected to happen in August before the dividend distribution, which is expected to be 0.067 per share.
CCAP has a potential to test 2.30 and 1.49Weekly chart, the stock is trading in a channel that has the support line (S2) since June 2022.
Another minor support line is S1 and a probable one S3
I think it will go to 2.30 then sideways before rebounding and touching the resistance line R in 7 - 8 months.
Below 2.30 the next support (line S3) is around 1.49
Note: be careful with this stock!
MTIE, Egypt, to target 11.50 weekly chartMTIE , Egypt,
On the weekly chart, crossing 8.20 will push the stock to target 11.50 on stages.
Stop loss level at 5.75 should be actively monitored.
ISMQ is forming a triangle pattern..30-min chart, ISMQ is trading in a triangle, where the price is in the midway and the direction is downwards to the support line S.30
We should have a direction confirmation before a new buy entry.
Crossing above R.30, will push the price to 5.25
Stop loss below 4.60
AMIA should rebound to the R30 line30-min chart, the stock is trading in a rising channel, and tested the support S30 (30-min support line).
The movement should be towards the resistance R30 line, touching at around 3.16
Crossing R30 line, the target should be 3.42 - 3.46 (depending on crossing point)
Stop loss below 2.85
COSG is preparing to breakout..Daily chart, the stock has positive signs that it will cross the Resistance line R soon, then the target will be 0.423 after beating the next resistance line R1
Closing above R1 for 2 days will push the price towards 0.560
Stop loss below SL line 0.315
SWDY should target 39 after breakoutDaily chart, the stock is trying to beat a tough (cluster) resistance zone. Crossing this zone, and closing 2 days above 32.5 will activate the target 39.0
Resistance cluster zone: Resistance line R1 (blue) + Long term RL (dashed green)
Stop loss to be considered below S1 line.
ASCM is expected to target 78.9 after beating ResistanceDaily chart, trading in a triangle, the stock is expected to target 78.9 after crossing the Resistance..
After closing for 2 days above 57, the target will be 91.5
Stop loss below 48 should be considered.
