iron is black goldstand in 4.58
t1 .... 4.87
t2 .... 5
st 4.58 with close
support 4.16 ///4.14
volume is less
ISMQ trade ideas
Iron and Steel for mines and quarries: : A Promising Opportunity
The stock exhibits several promising signals:
-Relative Strength Index crosses 50
Moving Average Convergence Divergence crosses signal line
Volume above Moving Average, except last day,
over the 200-day Moving Average
Touched the resistance level of 2.811 twice, forming a double bottom
Factors to monitor:
last day correction, it may test the 61.8% level at a stock price of 3
The stock price is at resistance, of the 50-day Moving Average
It will encounter very strong resistance at 3.41
ISMQ is forming a triangle pattern..30-min chart, ISMQ is trading in a triangle, where the price is in the midway and the direction is downwards to the support line S.30
We should have a direction confirmation before a new buy entry.
Crossing above R.30, will push the price to 5.25
Stop loss below 4.60
ISMQ is near a critical zone!1-hour chart, the stock is near the support line S, and should rebound to the Resistance line R (around 5.0)
Below support line, it can fall down to 4.13 then 3.75, 3.5 and 3.35
Be careful!
Stop loss below 4.48
ISMQ, Egypt, is on a critical price level !30-min chart,
I chose this "little" time-frame to see intra-day sentiments. This is not for opening new positions. Be careful!
Higher probability for testing the support (red) line, then rebound upwards; as the technical indicator Stochastic RSI is 0, and the volume is decreasing with price decrease.
After crossing the resistance (blue) line, the target will be 4.33
But below support, it is 2.37
Potential trade on ISMQstuck in a range for couple of months.
already its in a good area to start adding shares imo.
ISMQ to rebound from 1.52 - Target 1.581-hour chart, ISMQ should re-test the support line (red) at 1.52, then rebound to 1.58
After crossing up the resistance line (blue), the target will be 1.66
Stop loss at 1.52
NEXT MARKET MOVE UP TO 2023NEXT MARKET MOVE UP TO 2023
At the bold black line, a major area,
At the orange line, a sub area
WE CAN UPDATE AFTER BROKEN
