SKPC EGYPTION STOCK entry level from 20.80 : 20.44 ( FIP 0.884 )
stop loss 20.25 daily close
target 1 = 22.15
target 2 = 23.15
SKPC trade ideas
Sidi Kerir Egypt is preparing to go uptrendDaily chart, the stock EGX:SKPC has formed 2 patterns: symmetrical triangle and cup.
After crossing resistance line R around 30 - 31, the target will be 36 then 40
The technical indicators RSI and MACD on the weekly time-frame are signalling an uptrend.
Stop loss below 28 should be considered.
SKPC Important Levels - Jinny Gann GridHello Dear Traders,
Wish you a good Day,
on The chart important Levels "Horizontal levels" Based on Gann sq9 Works as Support/Resistance
Watch for Price action around those levels.
also there are gann grid the green/red trends works as close as Channels in your regular Classic analysis.
Trade around the levels and be as close as possible to take action around it.
Produced by Jinny Gann Ar.
Best Regards
SKPC ending correectionMTF analysis
Even though under green kumo, you can witness the Positive outlook.
the upward facing Chiko span, green bar with long wick.
resistance @35EGP
targets 36, 41 & 45 EGP
SKPC: Bullish signals confirmedSKPC: Bullish signals confirmed
MTF confirms the breakout as well as Chikou span, RedeK Everex, Adaptive MACD, & EW.
positive outlookShort term outlook on the five minutes timeframe, it's positive and moving forward Green Kumo formation, and schikou above TK.
Dealbreaker for this intraday transaction is USD to Egyptian pound forex rate (parallel)
Sidi Kerir Petrochemicals (SKPC) should target 37.7Daily chart, the stock SKPC has been trading in an expanding triangle since May 2023, and it is trending upwards - as supported by the positive MACD and RSI indicators.
Targets are 32, 34, then 37.7
For daily trader, the stop loss below 28.5 should be considered.
SKPCHI traders
I think the stock has more than one positive pattern, as shown in the chart
Good luck guys
Sidi krie SKPC /EGYPT .. A strong momentum downing ..
trend and its retracement suggest a down target of 8.93
I expect a rebound upward movement from 11.02 till 12.06 where shorting may occur before it continues its down target journey ..
Best wishes ..
