MOINIt is possible that there will remain a final fifth upward wave, and thus it will become the most complete of five upward waves, and a historical correction of the currency will begin in three downward waves
Let's see what market happens
ADRI - Arab Development & Real EstateEntry 0.774 or 0.769
Stop Loss 0.765
This a reaction for EGX30 recent rejections
EGCH, Egypt to target 9.8 in few weeksOn weekly chart,
EGCH (KIMA) is drawing a flag pattern, once crossing up the resistance line, the stock will target 9.80 and more, in few weeks.
Break Through Important ResistanceSimple as that: Break Through Important Resistance with volume, entrance on your own responsibility, this is not a financial advice of any kind and for educational purposes only
MBEN, to go uptrend on weekly chartMBEN, on the weekly chart is showing positive movement.
As long as above 2.10, targets are shown on the graph up to 2.50 on stages.
Note: As this is relatively low-volume stock (with seasonal higher volume around the year), I prefer activating a STOP LOSS if closing one week below 2.00
EEII, EGX, 100% up targetEEII ,
On the weekly chart, the technical indication are positive for good uptrend.
Breaking the line of 1.10, next target is 1.39,
then 2.20, and more..
BTFH, To target 4.70BTFH, on the daily chart, is targeting a 4.7 level in the short-term.
A re-test at upper channel line is OK before heading to the target.
Further higher targets to come after passing this level.
EgchGoals on the monthly frame 16 pounds, then 20 pounds, and I remember my words and password in the stock 8.20
Heli Daily Fib ChannelLong Term Trends
Trade between these levels.
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The Fibonacci Channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
The tool is used to aid in identifying where support and resistance may develop in the future. If the uptrend is expected to continue, the 100%, 161.8%, and other higher levels are potential price targets. The same concept applies to downtrends if a downtrend is expected to continue
In an uptrend, the zero-line is like a normal trendline, helping to assess the overall trend direction. If the price falls below it, it may need to be adjusted based on more recent price action, or it could signal that the uptrend is over and that the price is breaking lower. Similarly in a downtrend, the zero-line also acts like a trendline. When the price is below it, it helps confirm the downtrend. If the price moves above it, the indicator may need to be redrawn or the price is moving higher out of its downtrend
Difference Between Fibonacci Channels and Andrew's Pitchfork
Both these indicators attempt to predict future support and resistance levels based on price levels from the past. Fibonacci channels attempt to do this with percentages of a selected price move. Those percentages are then projected out into the future. Andrew's Pitchfork is simpler in some ways as the angled lines are based on three price levels selected the trader and then extended out into the future.
buy Adib at 14.42 this is technical analysis for medium Range on weekly chart
buy at 14.42
target 17.55
stop loss 12.02
EKHO, EGX, accumulating to target 1.5EKHO , EGX
On the monthly chart, started the accumulation stage.
To target 1.5 in 14 - 15 months, as long as the stock remains above the support level 0.95
AIVC EGYPT, Ready to go up, longAIVC, on the daily chart is showing signs for takeoff. It is time to buy dips.
To target 0.09 soon
FWRYThe stock is still positive, and another entry point is the latency, two candles on the daily timeframe above 5.91. It will be another buying point, to target from the 6.85 region
RTVC Remco gave a buy signal by building a base above 1.82A short target for 2 pounds, and in the event of a penetration of 2.10, there will be other targets
Head and shoulders Is it going all the way down or the weekly trend will push it to newest publish level !!
HELI EGX has potential for higher highsHELI is getting some minor correction in the weekly uptrend.
Higher good targets are foreseen within 4 - 6 weeks
10, 10.5, 11, ..
Why Enter ? COMIWhy did I enter a buy @ 49.13 and why did I put my stop loss @ 47.13
1. On day 19th march the session ended up forming a doji, which is a clear sign that indicates a possible reversal in the trend. The doji forms its own resistance and support areas , which is indicated by its tails. This takes us to the second point,
2. The tail of doji formed a strong support area @47.13, which is the area that brought the price to it real body, this is a clear sign that if it have fallen there again, and broke it then the support was not strong enough to hold the new positive trend.
Bullish AJWAAs long as it is above 18.021, it will go up to next resistance @ 19.5-19.58.
If you look at previous dates, you will see that it has stabilized above 18.021 several times @ 19Feb23, and @ 24Nov22 and jumped to 20.21 and 19.66 respectively, this means that this area is a strong support zone and may scream Bullish. Days are shorter by an hour in ramadan so the daily jump may be cut, but is coming inshallah.
Would love to know what you think in the comments, and if you want to learn more about technical analysis and trends visit medium blog and subscribe, I will be posting there tutorials and real-world examples link in bio
