it will recover dont dump BE STRONG egx70EW EGX30 it will recover dont dump
Targeting 340EGP Support 304 Resistance 319 (Bearish OB319-331EGP)
Remember that after each BOS, retracement occurs. Positive signals confirmed by Ichimoku Kinko Hyo & other indicators on different time frames as well. Next traget is 33K point.
FWRY: warrior rest ahead of the next level ... 8EGP Breakout the closing of the day was the best part of the trading session. positive sentiments that will lead to crossing the order block; confirmed by chikou span.
SKPC: Bullish signals confirmed MTF confirms the breakout as well as Chikou span, RedeK Everex, Adaptive MACD, & EW.
on the verge of Bullish TK cross, CHIKOU SPAN, REDK EVEREX, & Adaptive MACD confirming the breakout. The devil lies in the details.
EGX30: Accumulation Phase didn't end yet. $ & Value Stock will lead.
- While technically the market was way too overbought and way too overextend this sell off seems real. - cheap can get cheaper, so avoiding buying a falling knife is wise option. - too much panic in the market, so I liquidated all except few. - monitor stop losses and sell all losers
The shadow of RAS Hikma transaction on the construction sector was superb; however, process industries sector, and USD-base revenue companies lead the sharp fall. 3-4 days to recover based on ghosting the Bars pattern. in the mean time, FLOATING is the QUEEN. FORTY EIGHT is the jack of all spades. words of wisdom: he is no fool who gave up what he cant afford...
the rule of thumb in the EGX30 ... buy on RUMOURS, and sell on the NEWS. Rumors started on Jan 31st, Ras Hikma project is worth 45Bn USD, and Emiraties areIN. Yesterday, the Rumors became solid fact, Egypt prime minister announced the signing of the contractual agreement live on national television. The deal is worth 35Bn USD. The USD/EGPp on investing.com...
Urea & White sugar prices increased in the commodities market; this price increase will flirt with the bullish fertilizers sect of the EGX. ABUK & MFPC will lead EGX30 to the 30K Bar. SUGAR is TAILGAITING
- Overhead resistance is at 1.890s - Breaking it and clear sky ahead to 2.10-2.50 and then 3. - pretty sure enough shares for everyone to bank. - PS: you dont need 100 indicators on your chart, price action and volume are kings.
MAKE IT OT BREAK IT ... FVG @81.8-82.1EGP is the breaking point to go long or short FOREX IS A VIRTUE COMI is THE key driver for EGX30, its weight is almost 30%, followed by the Fertilizers sector (MFPC & ABUK). When COMI outbreaks, Ferts are SHY.
Buyers' confidence that MPCO reached its bottom price @74.6 -74.9, will lead to the upswing
Special Message from EGX 30 to COMI & MFPC:"Laissez-moi danser , chanter ... laissez moi " Bullish TK-Cross on daily Timeframe looking forward to reach 29,300 .. Turning point to start dancing Monday & Tuesday. 1.16% point will make Wednesday a brighter day. Thank you Dalida, je vais dancer Monday.
The Bebining & the ending of the trading day was outstanding. CCAP outbreak is exceptional
MTF, COMI ending correction & starting consolidation Price Channel 84.5 - 79.5 ; Equilibrium 81.9EGP Take position @ lower end of price channel
1H timeframe Target to continue the outbreak 28,411 - 28,785, and final destination 29,688. If $ parralel rate drops excpect to reach 27,925 Points (1.69%)