Get started
Commercial International BankThe stock of Commercial International Bank (CIB) on the Egyptian Stock Exchange: please exercise caution. The stock had been rising from September 2022 to its peak in March 2024, where it made a false breakout above the last peak. It then dropped to the channel's lower limit on April 30, 2024, and attempted to rise to form a new peak, but failed. A confirmation of a trend break on the weekly timeframe occurred with a close outside the channel on October 13, 2024. Since then, the price has been outside the channel. The first negative signal occurred when the small green trend was broken after the price left the channel. Secondly, the price formed a descending red trend, as shown. Thirdly, there is clear divergence in the price movement on the green trend in the smaller time frame (1-hour) with both the MACD and RSI indicators. A strong exit signal occurred on November 14, 2024, when the price hit a strong cluster area, as shown in the chart. For short-term traders, the target is a decline to a lower low below 76 EGP. We also expect the price to break the correction's bottom at 70.50 EGP. At this point, medium-term investors should consider exiting. A large head-and-shoulders pattern is likely to form, along with harmonic patterns, with initial targets between 52.66 EGP and 52.43 EGP, followed by another target range between 42.23 EGP and 42.90 EGP. It Is my vision , not a recommendation for buying or selling.
EGX:COMIShort
by IbrahimTarek
There's no guarantee your mom won't get that far. Are There ?I had the idea of what it is to ensure that the price does not fall to the level of daily and weekly imbalance of the price shown in the chart. Just an idea It seems logical and likely not now, but possible in the near future. It is honest to offer this idea to you for caution and precaution. Despite the issuance of quarterly business results, which are very positive and increase profits from the corresponding period last year, but in the Egyptian Stock Exchange it is better to brainstorm all possibilities. The price zone of 7.5 to 6.8 appears to be without support on the chart. Leave the answer to actual and future trading. Theoretical advice for all buyers to monitor the movement of the stock during the rest of the week so that it goes away and climbs to a safe area to buy... Buying now is a risk that only you can take. In God's favor.
EGX:AMOC
by osamaazeezblal
AMOC Egypt has a good trading opportunity to 8.9AMOC Egypt has a good trDaily chart The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9) Technical indicators RSI and MACD are supporting the bullish view. Closing above 9.0 for 3 days, the target will be 10.5 Closing above 10.9 for 2 weeks, the target will be 12 Below line S is considered a stop loss level, as the next down target will be 6.0 Note : Always keep a profit protection level, and raise it as the price goes up.ading opportunity to 8.9
EGX:AMOCLong
by snour
AMOC Egypt has a good trading opportunity to 8.9Daily chart The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9) Technical indicators RSI and MACD are supporting the bullish view. Closing above 9.0 for 3 days, the target will be 10.5 Closing above 10.9 for 2 weeks, the target will be 12 Below line S is considered a stop loss level, as the next down target will be 6.0 Note : Always keep a profit protection level, and raise it as the price goes up.
EGX:AMOCLong
by snour
4
Orascom Constr. Egypt has a "conditional" target 342.71-hour chart The stock EGX:ORAS completed a flag chart pattern (lines S1 and S2) and is re-testing a support level at 301.25 Technical indicators RSI and MACD are showing a correction is soon Next support is line S1 (at around 294.5) - Closing below this level, the next support will be S2 (around 272) Trading above 308 for 2 hours, the target will be 325, and stabilizing above 325 for 3 hours, the target will be 342.7 - 343 Raise the profit protection / stop loss level as the price goes up.
EGX:ORAS
by snour
El Ezz Porcelain has a potential to target 31.6Daily chart, the stock EGX:ECAP is drawing a symmetrical triangle, between the Resistance line R and Support line S. Closing above R for 2 days (above 24 for more safety), the price will target 31.6 passing through the shown resistance levels. Stop loss is below S, and can be below SL line at 21 (one day, with low volume) Below SL line, the price may fall to line S1, then S2 Remark : Either quick trade between R and S lines. Or wait for the new entry confirmation after crossing R.
EGX:ECAPLong
by snour
Backup possibilities for the next periodThe movement of repeating highs and lows from around the beginning of the year foretells the next upward movement. The correction rates after the decline represent 16%, 15%, or 11% of the last upward movement. Therefore, the stock is expected to rise to the levels shown on the chart.. Then the correction goes back down As we have been accustomed to the stock for quite some time. This expectation is supported by technical indicators, which produce bullish signals. Good luck everyone.
EGX:TMGHLong
by osamaazeezblal