ICDI - save your profits and capital#ICDI timeframe 4 hours and also 2 hours
Created a bearish Gartley pattern
Sell point around 3.72 ( prices now is 3.74 )
Stop loss / reentry 3.80 (estimated loss -2.00%)
First target at 3.53 (estimated profit 4.87%)
Second target 3.80 (estimated profit up to 9.24%)
Third target 3.20 (estimated profit up to 13.90%)
NOTE: this data according to timeframe 4 hours and also 2 hours.
It's 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.
ICID trade ideas
ICID Egypt - A bullish long-term patternWeekly chart,
The stock EGX:ICID is trading inside a symmetrical triangle pattern between Support and Resistance lines (S and R)
The technical indicator RSI can be seen as drawing the same pattern (waiting for crossing up the R RSI line as a confirmation).
MACD is crossing up its signal line.. However, it is still technically negative.
So, I can expect a new bullish movement towards the Resistance line (at around 4.45)
Crossing up the R line and trading above it for 3 weeks - with high volume, the long term target will be 7.45
NOTE: Consider a near profit protection / stop loss level for this stock, as it is volatile and impulsive!
#ICID Egyptian stock#ICID time frame 15m
created a bullish Gartley pattern
entry level at 3.60 to 3.58
stop loss 3.58
first target at 3.66
second target 3.70 up to 3.75
NOTE : this data according to time frame 15m
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