ISMA - EGYPTION STOCK According to below chart there is gartly pattern at time frame 1 hour
entry level from 9.40
stop loss 9.28 TO 9.25
target 1 = 9.70
target 2 = 10.00
note : this data according to time frame 1 hour
note : EGX30 is negative
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
ISMA trade ideas
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.
MY trade idea for ISMA stockStock ISMA is showing a strong reversal pattern and can be traded as shown.
my idea is to enter at the break of the pattern "which it did on 22th of April" and my stop is below 5.5.
The initial target is at 7.2 (around 22% price move) and then exit and wait for the next pullback.