El tawofek -The stock has moved sideways for a long time and this is Wycove's accumulation strategy The stock is expected to move from 4 to 4.14 for a period before rising again.
- We will set 5.5 as a final target for the stock. Stop loss 4.
note: I expect that the stock was assembled very professionally, and I also expect that the Maker will perform a tedious process to remove the seller and the buyer, so I advise you to be very patient.
Mansourah Poultry, should target 1.30 (then 1.60)Daiy chart, the stock formed chart patterns (Cup & handle - Rising Triangle) and the target will be 1.30 passing through 1.13 and 1.21 resistance levels.
Stabilizing above 1.14 the target 1.60 will be activated.
Technical indicator MACD is positive, while RSI is in over-bought zone; some minor correction may happen before resuming uptrend and crossing next resistance level..
There's no guarantee your mom won't get that far. Are There ?I had the idea of what it is to ensure that the price does not fall to the level of daily and weekly imbalance of the price shown in the chart. Just an idea
It seems logical and likely not now, but possible in the near future.
It is honest to offer this idea to you for caution and precaution.
Despite the issuance of quarterly business results, which are very positive and increase profits from the corresponding period last year, but in the Egyptian Stock Exchange it is better to brainstorm all possibilities.
The price zone of 7.5 to 6.8 appears to be without support on the chart.
Leave the answer to actual and future trading.
Theoretical advice for all buyers to monitor the movement of the stock during the rest of the week so that it goes away and climbs to a safe area to buy... Buying now is a risk that only you can take.
In God's favor.
AMOC Egypt has a good trading opportunity to 8.9AMOC Egypt has a good trDaily chart
The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9)
Technical indicators RSI and MACD are supporting the bullish view.
Closing above 9.0 for 3 days, the target will be 10.5
Closing above 10.9 for 2 weeks, the target will be 12
Below line S is considered a stop loss level, as the next down target will be 6.0
Note : Always keep a profit protection level, and raise it as the price goes up.ading opportunity to 8.9
AMOC Egypt has a good trading opportunity to 8.9Daily chart
The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9)
Technical indicators RSI and MACD are supporting the bullish view.
Closing above 9.0 for 3 days, the target will be 10.5
Closing above 10.9 for 2 weeks, the target will be 12
Below line S is considered a stop loss level, as the next down target will be 6.0
Note : Always keep a profit protection level, and raise it as the price goes up.
Orascom Constr. Egypt has a "conditional" target 342.71-hour chart
The stock EGX:ORAS completed a flag chart pattern (lines S1 and S2) and is re-testing a support level at 301.25
Technical indicators RSI and MACD are showing a correction is soon
Next support is line S1 (at around 294.5) - Closing below this level, the next support will be S2 (around 272)
Trading above 308 for 2 hours, the target will be 325, and stabilizing above 325 for 3 hours, the target will be 342.7 - 343
Raise the profit protection / stop loss level as the price goes up.
What if the stock falls, what are the maximum points of decline?The main purpose of this analysis is to zoom in on the chart for a better view to facilitate the decision-making process (hold - buy - sell). Especially since the stock reached a historic peak during this period.
As shown in the weekly chart, there are areas of demand and areas of imbalance.
The worst scenario is that the price falls to the imbalance zone.
Good luck to everyone, God willing
Emaar Egypt has a potential to 9.1 and 9.4Daily chart
The stock is trading in a rising channel - the price is heading towards the upper line (Resistance line R).
Next resistance levels will be 8.7, 9.1 then 9.4
The technical indicators RSI and MACD are supporting the positive view.
Consider a stop loss below the line SL. Currently, below 8.0
El Ezz Porcelain has a potential to target 31.6Daily chart, the stock EGX:ECAP is drawing a symmetrical triangle, between the Resistance line R and Support line S.
Closing above R for 2 days (above 24 for more safety), the price will target 31.6 passing through the shown resistance levels.
Stop loss is below S, and can be below SL line at 21 (one day, with low volume)
Below SL line, the price may fall to line S1, then S2
Remark :
Either quick trade between R and S lines.
Or wait for the new entry confirmation after crossing R.
Arabian Cement : Opportunity after breakout - Target 14Daily chart, the stock EGX:ARCC is trading in a descending channel, and a long flag chart pattern may be completed.
After crossing the Resistance line R, the target will be 12.
Closing above 11.3 for 2 days, the target will be 14 extending to 14.5
A new buy entry should be safer above 11.5 with the stop loss below 11.1
For an immediate entry, the Stop loss below SL line at 10.8 should be considered.
Backup possibilities for the next periodThe movement of repeating highs and lows from around the beginning of the year foretells the next upward movement.
The correction rates after the decline represent 16%, 15%, or 11% of the last upward movement.
Therefore, the stock is expected to rise to the levels shown on the chart..
Then the correction goes back down As we have been accustomed to the stock for quite some time.
This expectation is supported by technical indicators, which produce bullish signals.
Good luck everyone.
Lecico Egypt has a potential to re-hit Resistance line at 29.2Daily chart
The stock is trading in a broadening pattern (mainly between lines R and S); and the next level is 25.6
Above this resistance , the next targets will be 27.3, 28.0 and 29.2
The technical indicators RSI and MACD are supporting this view.
Consider the stop loss below 22.6 - And raise the protection level as the price goes up.
Updating for the last chart The stock's performance over the past few days does not contradict the previous analysis. The last candle on the chart so far formed liquidly and the price reached the 0.35 level and quickly returned to the rise.
Noting that the stock has been moving for 12 weekly candles in a horizontal movement between a price range (0.340: 0.432).
God willing, this will not cause concern about falling to a level below 0.35
Currently, purchasing is the best opportunity for the short- and long-term investor.
If we assume the maximum level that can be reached, which is the area of monthly imbalance at the bottom of the chart, the maximum price will reach 0.25, and this is not possible except in cases of crises or disasters, God Almighty forbid.
It is considered a great purchasing area to compensate for any loss in the past
so It is safe to recommend buying in the areas indicated on the chart (0.35-0.36-0.365).
Hoping for success from God Almighty
I wish everyone success from God Almighty
Obour Land is preparing to breakout - to 23Daily chart, the stock EGX:OLFI is preparing to beat the resistance line R and breakout.
Closing above resistance line R for 2 days (above 16), the target will be 19, then 23
Technical indicator MACD is positive, and RSI is near over-bought (so some minor correction may happen around the breakout level.
Consider stop loss below the line S or below 14.1
Probabilities of the next possible weekly movementIn the weekly term, the price moves between two deterministic ranges.
The upper area is characterized by imbalance and is also a supply area, while the area below the price is an imbalance area.
The price probabilities in the event of a decline or rise are clearly visible on the chart
Technical indicators support the potential upward trend.
The next movement of the investor, more than the speculator, requires patience or speculation on the fluctuation that occurs.
pivot point is 102.0
Good luck everyone
Ismailia Poultry targets 12.1 then 13.9 after crossing 9.5Daily chart, the stock is trading between support level 8.6 and resistance level at 9.5
Closing above 9.5 for 2 days, will push the price to the shown resistance levels.
Consider a stop loss below 8.6, and raise the level as the price goes up for profit protection.
Technical indicator MACD shows a consolidation in this range is still going on.