Macro Group Egypt is expected to target 2.70 then 2.92Daily chart,
the stock EGX:MCRO price is drawing a rising channel pattern.
I expect the price will break out the resistance line R1; to target the line R2, then the line R3 at around 2.92
Some intermediate resistance levels are shown on the chart.
A new entry (buy) should be made after closing above 2.30
Stop loss below 2.20
Technical indicators:
RSI has a bullish trend line
MACD is positive
