#ELWA Egyptian stock#ELWA time frame 1 hour
created a bullish Gartley pattern
entry level at 0.638
stop loss 0.618
first target at 0.700
second target 0.739 up to 0.764
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
ELWA trade ideas
Technical AnalysisTechnical Analysis = ** Upward trend is expected for the stock to drop to test the support at
6.40 levels = 6.00
Then rise to test the resistance level 7.90
Bearish trend **
Closing the candle on a lower day support level 6.00 expected test support 5.00
I prefer the downside of the tense situation in the tourism sector