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SWDY

El Sewedy Electric Stock Trend AnalysisEl Sewedy Electric stock trend rose last period from the support line 78.287 to the resistance line 88.149, then rebounded to reach the support line 78.65, so the general trend was down by 0.24%. The stock rose, and broke the first support line 78.65 to reach the second support line 78.7574, then the third support line 78.858. On the other hand, when the stock rebounded, it broke the first resistance line 88.045 to reach the second resistance line 86.073, then the third resistance line 85.554
EGX:SWDY
by RowaynaAhmed
SWDY Analysis (ELSWEDY ELECTRIC)To consider buying EGX:SWDY I think it would be important to have the market breaking above the black line and closing considerably above the 10 in an upcoming day (Above the green rectangle ) .It would very likely then to continue up to around the 12.5-13.5 area (first blue rectangle) with a potential to reach the 16-17 area at the second blue rectangle . For the days to come it would be interesting to watch If EGX:SWDY is strong enough to remain above the green line and close above the red rectangle area .That might indicate a potential future break above the black line and the 10 mark which I think is important before considering to buy. A significant close below the 7 would mean that it is likely to go down further to the 5.2-5.8 area.
EGX:SWDY
by StockAnalystPro
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