Egal - Egyptian market ascending triangle provides good entry at 13.00 level to aim the target 15.20 with a stop loss closing under 12.60
CCAP target Update If the shown flag break down (True break for 1.588 L.E) , the stock will retest the previous covid 19 low
This not mean the stock will reach the previous bottom exactly , The stock can react like "Abuk"
This only valid if the flag pattern break down
Breaking up is also probable with lower possibility
Afmc egyptSideway movement after an uptrend which means a pick up period for gaining more and increasing momentum , a nice shark 32 pattern is on weekly chart
Target = 11.88
Stop loss = 9.80
Good luck
EEII egyptPositive indicators , nice shark32 on weekly chart ,
Target = 11.84 ,
Stop loss = 8 ,
Extensions due to fibonacci gives more values up ,
Good luck in this uptrend
Flag pattern monitoring for CCAPDuring the last two weeks a noticeable change in behavior for CCAP
This start by about 20% rally uptrend , followed by accumulation in form of uncompleted Flag pattern
Completing the Flag pattern lead to the shown probable target.
