EGX30
EGX30 | BRICS RoadMapEgypt Joins the BRICS New Development Bank
the NDB finances infrastructure and sustainable development projects in areas such as energy, transportation, water, communications, and health.
"Since 2016, the Bank has invested in multiple projects, including US$7.2 billion in India alone," RT reported, recalling that Egypt expressed an interest in becoming an NDB member in July.
"BRICS is working to develop its own financial infrastructure, including a joint payment network, with some member states having already switched to trade in local currencies in order to reduce dependence on the U.S. dollar and euro," it added.
Currently, Egyptian President Al Sissi is in Saudi Arabia participating in the summit of Arab countries with China, the nation with the largest economy among the BRICS.
Egyptian Finance Minister Mohamed Maait affirmed his country's enthusiasm for enhancing cooperation with international development partners, especially in light of the "unprecedented development movement" he is witnessing in Cairo.
Previously, the Chinese Foreign Affairs Ministry has noted that Argentina, Algeria, Iran, Indonesia, Turkey and Saudi Arabia are also interested in joining the BRICS bloc.
OBOUR LAND FOR FOOD INDUSTRIES next 2 daysOBOUR LAND FOR FOOD INDUSTRIES for the next 2 days
EGX:EGX30
it is in the bottle nick just lets make sure it passes the blue trend line and the target is the top of the channel
FAIT targets These are the target of the Faisal Islamic Bank
Its on its way the the top of the channel .. lets watch
EGX 30 test strong resistanceEGX30 currently test @ 11500 to 11660
This strong resistance need very good news to break it
on the other hand, we can see correction in EGX30 if the index rebound from this resistance
Dr. Tarek Gadallah
EGX 30 study and how i think it will continue these next days EGX 30 showing strong downtrend momentum based on simple follow back on it's short period history
-look at the pervious uptrend
-look at how similar to the pervious uptrend and how it ended
-know how to play it.
this is my prediction and not a financial advice
Egx30 update, downtrending todayA true breakout today by indicated candlestick with a bigger volume ,
an indicated downtrending channel has been created and lower channel line represents the line of downtrend target ,
if reversal to occur , it must break upward by a bigger volume higher than 11240 level
Egx30 is expected to rebound ..22/8/2021
Egx30 is performing 4 consecutive down sessions , an expected retest of 10882-10775.44 level as a pullback , however it may continue to 12026 as a wave end otherwise it retraces till 10519.6 where it may rebound
Updating COMI chart 17/8/2021updated due to dividends today,
still uptrending for fixed target 55.63
and
pattern target 51.98 ,
best wishes
My view for EGX30 next moveStrong resistance
1- if we see weekly close above 10940 bulls taking the trend higher 1st target 11240
2- if we see weekly close down 10830 bears taking the trend down again 1st target 10370
Good luck every one
AIFI.CA / EGYPT Technical Analysis 07/08/2021AIFI is working on a newly formed uptrend and formed a trending channel , it is seen clearly by consequent higher highs and also higher lows , trending AIFI is also seen by nice cross over by 7&14 EMA , this stock is working for a first target of 0.496 L.E
support level is 0.299 and first resistance level is at 0.346 then 0.39
Stop Loss level can be at 0.305
Have a nice trending AIFI
Way to go!! Hello dears
Today I would like to share my idea with you about EGX30 .. weekly timeframe
What I am searching for right now are three:
1. Strong candlestick with a high volume that will assure me that bulls come again
2. Breaking the descending price channel
3. Breaking the supply area
By achieving the past three conditions we will see 13000 and 16000 as a next targets
Let's see what will happen in the next few weeks .. thanks for reading ❤️
COMI | CIB | EGX30 | june 17 , 2021update of the previous technical analysis #Commercial_International_Bank #Egyptian_Exchange!
comi | CIB | egyptCommercial International Bank | Egypt | Technical analysis
A symmetrical triangle is observed on the weekly chart.
Calls for further decline
Note that the pattern is inside the big megaphone pattern !!
The target of the symmetric triangle is 52,000
And the support of megaphone pattern @ 49,000-48,000
EGX 30 toward 9700, then bounce upEGX 30 still under pressure sold, this paves the road toward 9700, if this level resist, it may bounce up again, else may see 9500
waiting to reach 9700 level is highly recommended, accordingly we could put our entering plan
Trade technical Plan for FWRY stock This is my view on the trade plan for FWRY stock.
the stock is in a strong uptrend and it shows strong potential to continue this strong uptrend.
