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Beltone Holding (EGX) on the 2-day timeframe**, showing a potent ### **Key Observations:** 1. **Falling Wedge Formation (Bullish Pattern)** - The stock is trading inside a **falling wedge**, which is a bullish reversal pattern. - A breakout above the upper trendline could trigger **strong upside movement**. 2. **Volume Profile Analysis** - There is strong **buying interest around 2.2 EGP**, where **high trading volume** is concentrated. - If the price breaks out, there is **low resistance until 3.23 - 3.92 EGP**, meaning **a rapid move upward is possible**. 3. **Target Levels** - **First Target:** **3.23 EGP** (key resistance zone). - **Second Target:** **3.92 - 4.48 EGP** (strong supply zone). - **Final Target:** **4.83 EGP** (major resistance from historical highs). 4. **Stop-Loss & Risk Management** - **Stop-Loss:** Below **1.99 - 1.92 EGP**, where strong support is present. - **Risk-to-Reward Ratio:** **Highly favorable**, indicating good profit potential. 5. **Confirmation of Bullish Breakout** - A **break and close above 2.62 - 2.70 EGP** with strong volume would confirm the breakout. - RSI and MACD indicators (not shown) could help validate the momentum shift. --- ### **Trade Plan (Bullish Setup)** - **Entry Zone:** **2.20 - 2.62 EGP** (buy near breakout level). - **Stop-Loss:** **Below 1.92 EGP** (if breakdown occurs). - **Take Profit Levels:** - **TP1:** 3.23 EGP - **TP2:** 3.92 EGP - **TP3:** 4.83 EGP 💡 **If the price breaks out with high volume, this trade has significant upside potential.**
EGX:BTFHLong
by TONYMONTANA87
PZZA Wave Analysis – 2 May 2025- PZZA reversed from the support zone - Likely to rise to resistance level 40.00 PZZA recently reversed from the support zone between the long-term support level 30.00 (which started the sharp weekly uptrend at the start of 2020) and the lower weekly Bollinger Band. The upward reversal from this support zone stopped the previous intermediate impulse wave (5) from the end of 2024. Given the strength of the support level 30.00 and the oversold weekly Stochastic, PZZA can be expected to rise to the next round resistance level 40.00.
NASDAQ:PZZALong
by FxProGlobal
Skyward Specialty (SKWD) Finds Growth in Niche Insurance MarketsSkyward Specialty Insurance Group, Inc. (SKWD) provides commercial insurance for industries that need customized coverage, like construction, healthcare, and professional services. With a focus on specialty markets, SKWD has carved out a niche by offering tailored risk solutions where standard insurance providers fall short. As more businesses look for personalized coverage, the company’s expertise and flexibility help drive its steady growth. Technically, the stock recently posted a confirmation bar with rising volume and moved above the .236 Fibonacci level, entering the momentum zone. This signals growing buying interest. Traders could use the .236 level as a trailing stop reference using the Fibonacci snap tool, helping manage risk while staying positioned in case the stock continues trending higher.
NASDAQ:SKWDLong
by traderspro_charts
ORAS Stock Fundamental AnalysisORAS trend was neutral between the support line 266.851 and the resistance line 291.935, the trend was down by 0.14%. The stock rose, and broke the first support line to reach the second support line 267.905, then the third support line 268.432. It's expected to keep rising till reaching the resistance line 290.144, then 290.671, because of the CBE's decision about cutting the interest rate by 2.25% which will have a positive impact on corporates because according to the current reasons behind the economic activity decreasing interest rate will lead to decreasing the cost of borrowing which will decrease the cost of production and will increase the corporates' profit and their monetary value. On the other side, this will decrease the products' price and individuals will have a higher will to diversify their investment beside increasing their purchasing power as well.
EGX:ORAS
by RowaynaAhmed
Micron Technology - The Chart Is Still Perfect!Micron Technology ( NASDAQ:MU ) will reverse right here: Click chart above to see the detailed analysis👆🏻 If you actually want to explain technical analysis to somebody, just show them the chart of Micron Technology. Almost every structure makes perfect sense, with this stock respecting all major trendlines and horizontal levels and with the current support area, the bottom is now in. Levels to watch: $70, $210 Keep your long term vision, Philip (BasicTrading)
NASDAQ:MULong
by basictradingtv
14
Tesla - The Next 7 Days Decide Everything!Tesla ( NASDAQ:TSLA ) is sitting at a crucial structure: Click chart above to see the detailed analysis👆🏻 Despite the -60% correction which we have been seeing over the past couple of months, Tesla still continuously validates its overall uptrend. That's exactly the reason for my strong bullish thesis and the assumption, that after we see bullish confirmation, Tesla will reject the current support area. Levels to watch: $250, $400 Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
4
BABALICOUS Outlook Part 2 BABA continues the bullish outlook since we called it last on October 23rd. Babalicous outlook Part 1 : We continue with our update here! Baba has broken through our previous resistance/ area of demand and has perfectly retested the zone. As you can see our Area of demand has always been an area of tough resistance and as of now it is becoming strong support. In addition we have spotted a beautiful rounded bottoming pattern with a target of 80% or $210.00 price target from current levels. If BABA can close this monthly candle as is the $210 price level is sure to be tested!
NYSE:BABALong
by HernandezCapital
Starbucks Wave Analysis – 2 May 2025 - Starbucks reversed from support zone - Likely to rise to resistance levels 85.00 and 90.00 Starbucks recently reversed up from the support zone between the key support level 76.20 (which stopped the previous wave A at the start of April) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the C-wave of the previous intermediate ABC correction (2) from the start of March. Given the strength of the support level 76.20 and the bullish divergence on the daily Stochastic, Starbucks can be expected to rise to the next resistance levels 85.00 and 90.00.
NASDAQ:SBUXLong
by FxProGlobal