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#EFID Egyptian stock#EFID time frame 1 HOUR created a bullish Gartley pattern entry level at 28.20 TO 28.30 stop loss 27.50 first target at 29.50 second target 30.50 NOTE: if prices closed under 30.00 (1 HOUR frame) MACD indicator show positive diversion , may that is support our idea. NOTE : this data according to time frame 1 hour Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
EGX:EFIDLong
by tfcgeorge
#AFDI Egyptian stock#AFDI time frame 1 DAY created a bullish Gartley pattern entry level at 30.60 stop loss 30.00 first target at 32.65 second target 34.20 NOTE: if prices closed under 30.00 (1 DAY frame) may go down to 27.00 MACD indicator show bottom less than last bottom unlike the data on chart , may that is support our idea. NOTE : this data according to time frame 1 hour Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
EGX:AFDILong
by tfcgeorge
#ETRS Egyptian stock#ETRS time frame 1 hour created a bullish Gartley pattern entry level at 4.80 stop loss 4.75 first target at 4.90 second target 5.00 NOTE: if prices closed under 4.75 (1 hour frame) may go down to 4.30 MACD indicator show bottom less than last bottom unlike the data on chart , may that is support our idea. NOTE : this data according to time frame 1 hour Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
EGX:ETRSLong
by tfcgeorge
1
#AMOC Egyptian stock #EGX30 According to below chart there is gartly pattern at time frame 1 hour entry level from 7.71 to 7.77 stop loss 7.70 ( closing 1 hour ) target 1 = 7.85 target 2 = 8.00 may the prices go down to 7.65 and 7.59 then going up to achieve the below targets that's according to anther pattern but on time frame 15m closing under 7.65 may go to 7.12 note : this data according to time frame 1 hour note : EGX30 is negative Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
EGX:AMOCLong
by tfcgeorge
MISR FERTILIZERS The stock of Mobco is in a downward trend, forming a large double top pattern with a peak at 79.26EGP and another at 78.98 EGP. The neckline has been broken, and now we have a flag pattern that has been broken downwards. The targets are as indicated. We expect the formation of a corrective wave, as shown, or a rapid decline. We will monitor the downward movement. The stop-loss will be a break of the strong supply zone and a breakout above 57 EGP, closing above this level after compelet correction target new peak above 80EGP.
EGX:MFPCShort
by IbrahimTarek
EGCH ( what happened ???? ) What's Happening with Kima Stock (EGCH) on the Egyptian Exchange Kima stock is one of the constituents of the EGX70 index on the Egyptian Exchange. Phase One (August to September 2024): The EGX70 index rose from 6200 points in August 2024 to 7028 in September 2024, a 13.35% increase. Similarly, Kima stock rose from 7.46 to 8.41 during the same period, also by 13.35%. So far, everything seems aligned, with no discrepancies between the main index and the stock. However, MACD had a different opinion. Despite the main index and Kima stock forming an upward trend (higher lows and higher highs) during this period, the MACD indicator for Kima stock formed a downward trend (lower highs and lower lows), despite the rising prices. Phase Two (September 17 to October 14): The main index rose by about 6% to 7350 points, forming a higher high than the September 4 peak at 7250, thus confirming the upward trend, and establishing a strong support zone between 7350 and 7250. Note: The main index formed a higher high than the previous peak. On the contrary, Kima stock declined by 5.50% to 8.06 on October 13 and fell by more than 11% from its price of 9 Egyptian pounds on September 4. Here, we find a head and shoulders pattern targeting the price range of 7.2 to 7. Of course, the first positive sign is the daily close above the right shoulder at 8.73. Phase Three (October 14 to November 24): The main EGX70 index continues to rise and reach new highs, reaching 8350 from 7350, representing a 14% increase, breaking new historical highs. Even now, the index is trading around the 8400 level. As for Kima stock, it rose by about 7% to 8.78 on October 29 from the last low formed on October 14 at 8.06, which is just a test of the right shoulder of the head and shoulders pattern that we mentioned earlier, and which failed to close above. Today, November 24, although the main index is still trading at its highest levels, Kima stock has lost all its gains during the previous period and has broken the neckline of the head and shoulders pattern, targeting the 7.20 to 7 range, and is expected to continue falling. Conclusion: What happened here is exactly what the great writer Larry Williams mentioned in his famous book "Secret of Selecting Stocks" in the second chapter (Methods of Identifying Accumulation and Distribution or Disposal of Stocks). In short, if a stock does not perform like the index to which it belongs, it is in an accumulation phase (a falling index and a rising or stable stock) or a distribution (disposal) phase (a rising index and a falling stock or a small rise followed by a loss). Kima (EGCH) is clearly in a professional disposal process from September 2024 until now. I believe this is due to the recent subscription for the stock, which improved the average stock price for major shareholders, thus pushing them to dispose of some of these shares and profit from the subscribed shares. Note that Kima stock rose by approximately 200% from January 2023 to January 2024, losing about 40% of those gains from the beginning of 2024 until now.
EGX:EGCH
by tfcgeorge
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
1