Good setup on RMDA It has a probability of a good uptrend imo.
the trade requires good risk management and patience.
EGX30
EGX Weekly Analysis- EGX30 came near the 60% Fib level and it was due to a pullback.
- It cant stay overbought for too long and a healthy pullback was necessary.
- In my opinion, it can stay in a range for a couple of weeks and its a good opportunity to add more shares to winning trades.
- In case the market decides to pullback more than the range. stop losses for each trades should be monitored. and sell losers.
Intraday trading opportunity ALCN is listed on CASE. ALCN is currently consolidating even though it is forward trending. Combining SMART MONEY CONCEPT, FVG, and Ichimoku Kinko Hyo outlined a potential intraday trading opportunity as well as medium term.
The video narrative is in Arabic language channeled toward Arabic speakers CASE traders.
Disclaimer: this is not an investing proposal but a forward thinking analysis that might be right based on the market dynamics.
Bulls are back for EGAL?- good chance that there may be a continuation for EGAL to the upside.
- Volume has decreased during consolidation, which is my only con for this trade. but it may pick up during the move.
-Make your decision, size accordingly, and manage risk.
Potential trade on ISMQstuck in a range for couple of months.
already its in a good area to start adding shares imo.
ORWE, EGX to target 14.5monthly chart
ORWE stock is targeting 14.5
Positive and strong technical indicators
EGX30 is ready to bounceEGX30 found support on the 50ma with 2 candles = 1 pin bar, same like last it hit that same moving average. 80% probability of a continuation to the upside
EGX30 to test 25000, targets 26490 after crossing up1-hour chart,
The Egyptian market index EGX30 is rebounding to the resistance line BLUE, from the support line RED.
Above 25000, the target will be 26490, passing through the shown resistance levels.
Stop loss 24400
EGX30 Rally , Buy the Dip !we can know that it's trending up just by looking at HH and HL, we also know that the down wave is just a correction in an up trend so we can predict the end of the correction by several things, especially price behavior, and its behaving as a fractal to the previous corrective wave, in this case, we can be sure that a continuation to the upside is nearby, this market behavior is typical we see it all the time in trending markets, you don't have to be an expert to know that EGX30 is gonna go up and the Egyptian stock market going to start the rally in a matter of days,
Enjoy ,,
EGX30 to target 32600 (monthly time frame)On the monthly chart, the INDEX EGX30 has crossed up the channel pattern upwards, then the target is 32600
The ascending upper blue line is the profit protection level.
COMI in rally leading the EGX 30the Commercial International Bank (COMI) is leading the EGX 30 with weight of 26.21% to a historical high points that was not been reached before. We can see from the chart that still having a potential rally after breaking the level of 58. However, the volumes is low and the rally to the uptrend is not as sharp as before. It is moving in an uptrend channel, not that perfect, but giving a close view in the short term.
It is expected to continue in it's direction reaching new levels around 75.
on the other hand, if the stock returned below the 58, it will fall dramatically to the next level around 47.5, and may continue to 40.
According to the economical data and the current situation in the region, specially the war in Gaza, we can not say that or predict the time that we can say that the EGX30 reached it's peak, so I recommend the investors to keep in consideration the risk ratio and distribute the portfolio on several stocks with a suitable risk management.
COMI, re-test 59.5 then target 70.3COMI, on the 30-min chart,
I see technical signs that the stock will go down to 59 - 59.5 , then turn up to target 70.3
The Final Stretch for EGX30Since my last update, the EGX30 has precisely followed the narrative and wave counts.
Right now we are headed to finalize wave 5 of the impulse. In the light of the escalating geopolitical tensions and the 2024 elections taking place in December 2023, there is a possibility for wave 5 to be much shorter than anticipated.
Personally, I hope we break the 21000 EGP level first where I am taking profit on all my positions, but I am considering a soft stop loss around 17K and a hard stop loss at 15K.
COMI, to target 58.5 in few weeksOn the daily chart, the stock COMI is trading in a channel, with a support level 47, and the target is 58.5 after crossing 53.
RSI and MACD techn. indicators are positive for uptrend.
A re-test at 51 - 51.5 is OK, before crossing up.
Stop loss should be considered.
expected correction after big move EGX30 Good reduction of EGX30 indicator and expected correction areas of the chart
egx30The Egyptian Stock Exchange has not risen since its summit in 2008. A real motive rise has returned.. only a corrective sideways rise, and it must drop strongly in the shaded area in order to end all weakness and gather itself to make a strong motive rise like what happened between 2002 to 2008
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
HRHO, to target 16.8 in 2 weeksHRHO, is going to high over-sold area, and the technical indicators are telling the stock is targeting 16.6 then 16.8 soon.
This is a 30-min chart technical analysis.
Stop-loss at 15.60 should be considered for this time frame reference.
On the bigger time frame, I have a forecast for 20% up in 2 months.
THE NEXT BULL MARKET MIGHT BE THE NEXT BULL market up to 2023 ,2024
also devaluation gives Egyptian stock indices a lot of positive
$EGX:ESRS EGX:ESRS
The uptrend started from the bottom of last October at a price of 13.02, then hit the 90-degree angle at a price of 17.63. The stock then rebounded from the 45-degree sub-angle and resumed its rise. The 90-degree angle was broken, making it the best buying area. The target of the uptrend cycle was 31.45, which is the 360-degree angle that the stock achieved and rebounded from. Then it resumed its rise to enter a new uptrend cycle, whose first targets were the 450-degree angle that the stock achieved early on. It continued its early rise to achieve two new targets, which are the 540 and 630 angles continuously. All this early rise supports the stock’s decline downwards, which happened, then the stock resumed its rise to complete its cycle. The stock broke the 450-degree angle at a price of 36.06 upwards, which is the best buying area when broken. The rest of the targets and supports are shown in the drawing.
The success of this pattern depends on the stock staying within the channel and not breaking the angle downwards and achieving its targets on time.
The information and publications are not intended to be or constitute any financial, investment, commercial or other types of advice or recommendations provided.
ADRI - Arab Development & Real EstateEntry 0.774 or 0.769
Stop Loss 0.765
This a reaction for EGX30 recent rejections
Ethereum domain mapThis is my view of the Dominance of Ethereum and the largest dominance of alternative currencies.. We are heading in the medium term to the strong resistance area specified above, and then the decline will be absorbed to make a larger rise and test the historical top, but we will talk about it when the time comes
EGX30 run because of devaluation of the currencyEGX30 will break the previous resistance at 17750 and the historical resistance at 18400 in 2018 because of the repeated devaluations of the currency against the USD
