COSG to test support 0.230, then rebound to 0.292COSG to test support 0.230, then rebound to 0.292
Daily chart
The next target after crossing the resistance blue line is 0.477
Stop loss 0.230 - 0.227
Egx
AMOC to target 13.95 soonAMOC is preparing to cross up 11 - 11.1, then the target will be 13.95 - 14
There are technical indicators including RSI; to support this view.
Note: Stop loss level 10.6 (closing below for 60 minutes)
RREI (ALICO) to target 1.28ARAB REAL ESTATE INVESTMENT CO.-ALICO
Weekly chart.. RREI is preparing to cross 0.81 upwards, then the target will be 1.28 - 1.29 in few weeks
The technical pattern is expected to complete soon..
Stop loss level 0.7
BTFH to target 4 and 4.6 soonBTFH has crossed up a strong resistance zone. On the 30-min chart, technical indicator MACD and pattern target 4 then 4.6
Profit protection level should be raised at each up-movement.
INFI to target 72 soonINFI is preparing to go above 68.2 and target 72 soon
Using 30-min chart..
Positive technical indicators and last candle.
Stop loss at 59 should be considered.
ASCM, to target 16.75 in few weeksASCM is showing a positive signal to go uptrend on the weekly chart
First target 16.75
after crossing up 16.75, the stock will target 20, 25
The (red) moving Stop Loss Line should be monitored and considered.
AIFI to target 0.39 soonAIFI is showing a high potential to jump soon to 0.39
On the 4-hour chart, the crossing up of the triangle pattern and the RSI technical indicator are supporting this idea..
The red line is the stop loss to be noted.
MPCO, higher possibility to target 0.92On 30-min chart,
MPCO , EGX, is trading in a channel, until crossing up and targeting 0.89, then next target 0.92
Technical indicators RSI and MACD are showing higher possibility for going up.
Stop loss at the lower channel line (around 0.82) should be considered.
It is a volatile stock.
GGCC, to target 0.825GGCC has been accumulating for 91 weeks, and finally crossed the upper line of channel.
On the weekly chart, the targets are 0.56, 0.63 then 0.82
Technical indicators RSI, MACD are positive for the uptrend.
Stop loss: 0.37 - (0.36 with higher risk)
GBCO (AUTO), To target 5.95 soonGBCO (AUTO formerly), EGX, on 30-min chart
has a support at 5.30
crossing 5.5 will lead to target 5.95, with sub-targets 5.7, 5.80.
Crossing 5.95 will target 7
ATLC to target 4.40 after crossing 4.11ATLC, on the 30-min chart, there are positive indicators RSI and MACD for reaching 4.08
Crossing the resistance level of 4.11 will push the stock to target 4.40
The stop loss level should be considered.
BTFH, to target 3.24 soonBTFH, on the 15-min chart has positive technical indicators to cross 3.18, then 3.24
The stock is targeting 3.68 on daily timeframe.
Note this stock is volatile and your profit protection and stop loss levels should be considered.
EGCH, long uptrend to 11.3 , 15.5EGCH, Egypt
One the weekly chart, a technical pattern flag was formed, and the target is 11.3
Once we cross up this level, the stock should target 15.5
This is a medium term view in few months.
Profit protection should be considered.
HRHO, EGX, To target 21.4 , 25.2 in few weeksHRHO, Egypt
On the daily chart, the technical indicators RSI and MACD are showing positive up direction.
Once the stock crosses up 20.4, easy target will come 20.7 and 21.4
Above this resistance zone, we will have 25.2 in few weeks.
Note 1: Stop loss at 19 should be considered - short term, and at 14 after 25% discount
Note 2: The coming free stocks distribution will affect the prices. But, this stock will most probably discount and then rebound quickly.
EGCH, Egypt to target 9.8 in few weeksOn weekly chart,
EGCH (KIMA) is drawing a flag pattern, once crossing up the resistance line, the stock will target 9.80 and more, in few weeks.
MBEN, to go uptrend on weekly chartMBEN, on the weekly chart is showing positive movement.
As long as above 2.10, targets are shown on the graph up to 2.50 on stages.
Note: As this is relatively low-volume stock (with seasonal higher volume around the year), I prefer activating a STOP LOSS if closing one week below 2.00
EEII, EGX, 100% up targetEEII ,
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..
A Painful Q2 for EGX?We had quite an impulsive run on EGX30 since summer 2022 with more than 105% gain however, nothing lasts forever :(
We're due for a correction!!
In the light of my elliot wave count, we should anticipate wave 4 to correct anywhere between 11 - 30%. I personally expect a 24% correction to meet the golden ratio (0.618 feb) for the retracement, with an invalidation below 12700.
Generally, wave 4 is where everyone gets frustrated and we can easily see this happening with the current overall sentiment in Egypt hitting seriously low levels while inflation skyrockets and fears of further devaluation of the EGP builds up.
This won't last long however. If my forecasts were correct, we should be over by May or June, and those who kept their patience and built positions during the correction will profit without a doubt.
Let's see where we will go :)
An analysis for COMI StockFrist, we show on the top 4 Resistance lines in yellow and on the bottom one support line in green .
and we show a pattern of Two heads but upside down .
and the result of that, that the price of COMI Stock will increase to more than 51.000
PALM HILLS 4/27 TO 28/4 The last day of Thursday in the stock market. Please sell today, it will be blood red.
EGX:EGX30
EGX30 updateEGX30 support for Head and shoulders @ 11400
Breaking 11400 will lead to 10800
Dr. Tarek Gadallah
