#LUTS Egyptian stock#LUTS time frame 1 DAY
Created a bearish Gartley pattern
Sell point around 0.74
Stop loss / reentry 0.77 ( estimated loss -4% )
First target at 0.683 ( estimated profit 8% )
Second target 0.628 ( estimated profit up to 15% )
Although all indicators is positive but the prices at sell point according to bearish Gartley pattern ( prices at 0.886 FIP ) , also there is negative diversion on RSI time frame 15m , may tha support or idea
any way if prices closed daily uber 0.77 with volume at least 40 M shares , re bay .
the profit in this case is saving your invest from losses up to 13% .
in case the prices still rises then re entry for targets 2.75 , 2.83 , 2.93 up to 3.11.
NOTE : this data according to time frame 1 DAY
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
