Egyptian Kuwaiti is preparing for a nice breakoutDaily chart, the stock EGX:EKHOA is drawing a chart pattern, where the targets up to 41 and 44 will be activated after crossing the resistance zone 31 - 32
The technical indicators RSI and MACD are supporting this view.
Consider a stop loss below 29.5 - 29
Talaat Mostafa TMG is challenging!Daily chart, the stock EGX:TMGH is trading in a symmetrical triangle (for the last 72 candles). The orange dashed line is pivotal - Above 56, the price will go up to test the upper triangle's edge. Otherwise, the price will test the lower edge.
Should consider a stop loss below 55
Technical indicators RSI and MACD are almost neutral.
So, direction should be confirmed first, for the new entry.
The targets are shown on the chart are after crossing the resistance line R, and trading above it with high volume for 2 days.
EKHO (Egypt) should rebound to 0.750 short-term1-hour chart, EGX:EKHO is trading in a falling wedge.
I am expecting a rebound from this zone 0.720 - 0.725
Closing for 3 hours above 0.725 will push the price to 0.750 passing through some resistance levels 0.732 , 0.740
Currently, the chart's technical Indicator RSI is inclined towards over-sold.
Stop loss below 0.720
Misr Fertilizers (MOPCO) has a potential to 54Weekly chart, the stock EGX:MFPC was pumped to the 70's then dropped sharply to 35.
It has started a rebound, expected to 51, then 54
Stabilizing for 2 weeks with high volume trading above 55, the target will be 66 - 68
Be careful, the stop loss should be considered as near as possible.
OLFI fair price and up potential For a considerable time, OFLI has maintained a level of 10.00 pounds. The company is projected to achieve remarkable revenue by the end of this year, and the material costs are now at a fair price, including milk powder and palm oil. The stock is not highly volatile, which suggests it could be suitable for medium-term traders. Consider buying around 10:00 or 9:80, with targets of 11:5, 15, 20 for short, medium, and long-term investments. Exercise caution as the overall market may undergo a correction, particularly as the pound strengthens against the USD, which typically leads to a short-term weakness in stocks. Begin to build positions, for instance, 10% of your portfolio, and buy gradually on daily dips of 20%.
**As usual, this is not financial advice to buy or sell.**
Asek Mining to target 75 then 94 - long termWeekly chart, the stock EGX:ASCM is trying to beat the resistance line R1 in the long pennant pattern.
Technical indicators MACD and RSI are positively signalling a formation of an uptrend.
Stabilizing above 45 for 2 weeks, the price should target 75 extendable to 94, a s a long term target.
Note the stop loss and profit protection levels - Raise as the price goes up!
El Arabia Engineering (EEII,EGX): uptrend to 1.8 then 2 and 2.5Weekly chart, the stock EGX:EEII is supposed to continue trading in the rising channel and test the resistance line at around 1.80
Trading for 2 weeks above 1.80, the target will be 2.50 - 2.55 passing through a resistance zone at 2.00 - 2.10
Technical indicators MACD and RSI are supporting this positive view.
Note: Stop loss below 1.24, and to be raised along with the rising price.
ADPC Profits jump 193% and the stock will rise to 3.4The stock continued to rise to the 2.20 level in a very significant way and soon returned to the 2.06 level and it became support. During the current two weeks, the stock is likely to test the 2.15 level, followed by 2.20, 2.45, 2.60, 2.9, and 3.10.
BIOC A safe and excellent opportunity by all standardsWhat the global atmosphere is witnessing is the escalation of the new monkey epidemic, and also the raising of drug prices in Egypt by a decision of the Egyptian Medicine Authority.
Entering the diverse winter season can be more difficult than summer
is a paradise for Egyptian pharmaceutical companies listed on the Egyptian Stock Exchange
From my personal experience, I exited gold today on the date of publication of this theory, and tomorrow I will buy an amount of shares amounting to 10 thousand shares.
I put this process into history for success or otherwise, and I hope to achieve 25 to 30% returns on that money.
EMFD Amazing results and a chance to make 20% profits within twoAfter we received the company’s business reports for the second quarter, we noticed an increase in the company’s profits by more than doubling, and this is due to the merger that took place in the company.
Personally, I am a very low level entrant into the company and I do not plan to exit it in any way before 7 years from now.
This is what you play in the Ras Al-Hikma deal
But let's go back to the chart and show that the night burns upward, which is what we need. I expect the share price to reach 7 pounds this week and 7.5 next week.
Mtie Market Maker MapHello Dear Traders,
Decrypting The Algos!
Important Levels
On the Chart, "Horizontal Lines" are Based on Gann Square of 9. They work as Support/Resistance. Watch for Price action around those levels.
Jinny Gann Grid
Vertical lines work as timelines. Expect Reversals around them.
Next Near Resistance: 6.69 then 7.30
Near Support: 6.06 then 5.46
How to Read the Chart?
Zoom in to the Current Price! and see where the support and resistance are on the date you are checking the chart.
Wish you Best of Luck!
Investment and speculation oppo
The last closing low on the daily chart will be at the level of 1.19: 1.2 approximately on 5/8/2024 and the last closing low at the level of 1.03: 0.99.
By breaking the first low during last week's session and the price reaching the second support area, it is expected in the event of an upside, as shown on the chart, to a price level of 1.242, it is the view of reaching the price level of 1.267 and then to 1.296, Allah God willing.
In the negative case, the price will reach the area of 1.211 as the first level and then 1.19 as the second level.
The fulcrum is at 1.3, so if the price continues during the next two sessions below this level, a sideways trend between 1.30 to 1.2 is likely.
Or go down to the second level I can't Allah
In all cases, the stock is trading in parts and beware of stability below the fulcrum, so the treatment of that trading is cautiously and in stages
The condition of achieving the positive probability of the rise is the stability of the news and the negative maker of the stock.
The indicators at the bottom of the screen indicate strong liquidity and an uptrend. The matter is with God before and after
This is not a simple recommendation that is not binding, but my point of view without moral responsibility or otherwise towards my sisters followers, and my goal is for good to prevail always
NAHO (Naeem, Egypt) is seen on a long-term uptrendWeekly chart,
The stock (in USD) has a long term uptrend opportunity - targeting 0.200 and 0.220, provided that the price stabilizes above 0.165 for 2 weeks.
MACD indicator is supporting this positive view.
Note: For the next week, consider the stop loss (SL) level below 0.148 for 2 weeks. Then, raise the SL level as the price goes up.
Note: Heikin Ashi chart is used to give a better trend indicator.
ICFC Important levelsHello Dear Traders,
Decrypting The Algos!
Important Levels
On the Chart, "Horizontal Lines" are Based on Gann Square of 9. They work as Support/Resistance. Watch for Price action around those levels.
Jinny Gann Grid
Vertical lines work as timelines. Expect Reversals around them.
Next Near Resistance: 11.509 then 13.268
Near Support: 9.875 then 8.369
How to Read the Chart?
Zoom in to the Current Price! and see where the support and resistance are on the date you are checking the chart.
Wish you Best of Luck!
Comi Important Levels - GannHello Dear Traders,
Decrypting The Algos!
- Important Levels
On the Chart "Horizontal Lines" Based on Gann Square of 9
Works as Support/Resistance. Watch for Price action around those levels
- Jinny Gann Grid
- Vertical lines works as time lines. Expect Reversal around them.
Next Near Resistance:84.07 Then 89.9
Near Support : 78.37 Then 72.87
How to Read the Chart?
Zoom in to Current Price! and see where is the support and resistance on that date you checking the chart ;)
Wish you Best of luck
Let's talk about OBRI- A beaten down ticker is not that attractive until the market says so.
- it is still hanging around a good entry area.
- the upside short term may be limited to 0.50 to 1 pound of gain (aka 7).
However OBRI has a history of being highly volatile, do we get that during the coming months?
CIB 84 target "overbought"with reference to RSI and resistance level 84 EGP is an overbought signal, even we are in uptrend I would say to CIB stock holder to reduce and out @ 84
the re entry level is 78
Buy only with 10% of your wallet @78 if price fall increase at 73 level
note the recommendation for medium term only and swing treader with target 10%
at 86
**this is not an advice to buy or sell