Mansourah Poultry, should target 1.30 (then 1.60)Daiy chart, the stock formed chart patterns (Cup & handle - Rising Triangle) and the target will be 1.30 passing through 1.13 and 1.21 resistance levels.
Stabilizing above 1.14 the target 1.60 will be activated.
Technical indicator MACD is positive, while RSI is in over-bought zone; some minor correction may happen before resuming uptrend and crossing next resistance level..
MPCO trade ideas
Investment and speculation oppo
The last closing low on the daily chart will be at the level of 1.19: 1.2 approximately on 5/8/2024 and the last closing low at the level of 1.03: 0.99.
By breaking the first low during last week's session and the price reaching the second support area, it is expected in the event of an upside, as shown on the chart, to a price level of 1.242, it is the view of reaching the price level of 1.267 and then to 1.296, Allah God willing.
In the negative case, the price will reach the area of 1.211 as the first level and then 1.19 as the second level.
The fulcrum is at 1.3, so if the price continues during the next two sessions below this level, a sideways trend between 1.30 to 1.2 is likely.
Or go down to the second level I can't Allah
In all cases, the stock is trading in parts and beware of stability below the fulcrum, so the treatment of that trading is cautiously and in stages
The condition of achieving the positive probability of the rise is the stability of the news and the negative maker of the stock.
The indicators at the bottom of the screen indicate strong liquidity and an uptrend. The matter is with God before and after
This is not a simple recommendation that is not binding, but my point of view without moral responsibility or otherwise towards my sisters followers, and my goal is for good to prevail always
MPCO, higher possibility to target 0.92On 30-min chart,
MPCO , EGX, is trading in a channel, until crossing up and targeting 0.89, then next target 0.92
Technical indicators RSI and MACD are showing higher possibility for going up.
Stop loss at the lower channel line (around 0.82) should be considered.
It is a volatile stock.