SWDYanalysis performed using the following strategies and indicators:
Ichimoku Kinko Hyo
Law of diminishing returns
Volume price trend
Relative Strength Index (RSI)
Average True Range (ATR)
Linear Regression
SWDY
SWDY is still a starStock analysis based on Ichimoku & other indicators.
watch the video idea to find out about the details.
The narrative is Arabic.
The innuendo lies in COMI who vacuumed all liquidity today
SWDY should target 39 after breakoutDaily chart, the stock is trying to beat a tough (cluster) resistance zone. Crossing this zone, and closing 2 days above 32.5 will activate the target 39.0
Resistance cluster zone: Resistance line R1 (blue) + Long term RL (dashed green)
Stop loss to be considered below S1 line.
ElSwedy Electric (SWDY) should target 38 then 50 and 55Daily chart, the stock is trading in a rising widening wedge, and has a tendency to cross the long term Resistance line (RL) at around 32.7, then the target will be 38.
Above the resistance line R1, the target will be 50 - (then 55 on the weekly time-frame)
SWDY is pushing against resistance to target 30.330-min chart, the stock reached an area of multiple resistance lines.
Above 27.9 will target 30.3, then up to 32
Watch the stop loss.
The stock needs a strong push to cross the GREY line - above which a far target will be seen.
SWDY Technical targets (analysis date 12 Aug 2020)SWDY break medium term trend , this is the first bullish sign since few months
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.
