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Jufo Road MapThis chart is based on the Gann Grid, a tool used to identify key levels in the market where price reversals or consolidations could occur based on historical data and geometric angles. Here, the chart represents Juhayna Food Industries on the daily timeframe. The horizontal lines are support and resistance levels, starting from 0° and increasing through 45°, 90°, and so on, up to 720° at the top. Each degree level represents a potential turning point in the market. Key Levels: 24.92 is a resistance level. 22.49 acts as a support level. From the chart: The price is hovering near 25 EGP, approaching resistance levels, so it might face some difficulty moving higher unless there’s strong buying volume. The RSI (Relative Strength Index) at the bottom indicates the stock's momentum. It's at 57.46, which is slightly bullish but not overbought. This suggests there could still be room for upward movement, but caution is needed near the resistance levels. Opportunity: A potential buy could be considered if the price breaks the 25.15 EGP level with momentum, aiming for the next resistance at 27.48 EGP. Stop Loss can be placed just below 22.49 EGP to manage risk if the market turns against the trade. Best Regards!
EGX:JUFO
by Magic_xD
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.
EGX:TMGH
by snour
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.**
EGX:OLFILong
by kelani_EG