comparative analysis of the EGX30 & EGX70EWI 11-6-24Both indicators have exhibited typical performance patterns. After experiencing a series of 9 and 11 consecutive downtrending days, respectively, both indicators concluded their declines with the formation of a doji candlestick, signaling potential reversal or indecision. The short-term downtrend sp
intro to Ichimoku Kinko Hyo (Arabic Narrative)Novice / Beginner intro to Ichimoku Kinko Hyo technique.
for a succesfull trades, kindly note that the following 3 conditions must be present:
1- your entry point is always above green kumo
2- Bullish TK cross occured above the green Kumo
3- Chiko span is above TK
we never trade in the Kumo.
it's
Will the Index EGX70 cool down?Weekly chart,
EGX70 index has reached the upper long term resistance line, and has a very over-bought RSI.
I am thinking of 2 scenarios:
1. Some correction (around 4900), flat correction, then rebound to cross resistance up.
2. Deeper correction to support 2, then rebound, then rebound to cross resi
EGX70EGX70 witnesses an healthy correction short-term move, and that after creating a new peak that lies at 3764 point. And on last Thursday, the EGX70 closed above the level 3450 point which constitutes the 38.2% of Fibonacci retracement level, then the breaking of that level to downside, will lead to t
EGX 70
EGX will get soon some new IPO after the pressure of the interest rate hike of the CBE to control inflation.
The monthly core inflation, computed by the CBE, recorded 2.4% in April 2022, down from 3.1% in March 2022, and 0.7% in April 2021.
Accordingly, the annual core inflation increased in Apr
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Displays a symbol's price movements over previous years to identify recurring trends.