bullish with signs of accumulation and Tweezer Bottom Yes! The chart is showing **bullish potential** with signs of **accumulation in a sideways range**.
### **Bullish Scenario & Accumulation Zone**
- The price is trading within a **sideways range (accumulation phase)** between **0.339 EGP (support) and 0.411 EGP (resistance)**.
- **High volume near 0.384 EGP** indicates strong buying interest in this area.
- A breakout above **0.411 EGP** could trigger a **strong uptrend**, targeting **0.459 EGP and beyond**.
### **Tweezer Bottom Confirmation**
- The presence of **tweezer bottom candlestick patterns** at support levels strengthens the bullish bias.
- If price **rejects the lower boundary (0.384 EGP) multiple times**, it confirms accumulation and potential upside movement.
### **Key Trading Strategy**
- **Entry:** Buy within the **0.384 - 0.395 EGP** zone.
- **Stop-Loss:** Below **0.339 EGP** (if accumulation fails).
- **Take-Profit Targets:**
- **0.411 EGP** (resistance breakout level).
- **0.459 EGP** (strong supply area, high-volume node).
- **0.60+ EGP** (if bullish momentum continues).
### **Final Confirmation**
- Watch for **breakout volume above 0.411 EGP** to confirm the **bullish breakout** from accumulation.
- If price **rejects 0.411 EGP again**, it might stay in accumulation longer.
💡 **If the accumulation breakout happens, this trade has great upside potential.** Would you like me to mark these zones on the chart visually? 🚀
SPMD trade ideas
Speed Medical Egypt has a potential to 0.60Daily chart, the stock EGX:SPMD is trading in a rising channel, and the technical indicator MACD is positive.
I see the stock is preparing to break out the resistance (upper channel line R) to target 0.47
Trading above 0.47 for 2 days will activate the targets up to 0.60
Consider stop loss below 0.36
SPMD should rebound and target 0.655 after beating resistance1-hour chart, the stock (Speed Medical, Egypt) is trading in a falling expanding wedge pattern, and is getting into technical indicator RSI buy area.
The Ichimoku chart signals a change to up-movement.
So, the higher probability is a rebound to the resistance line. After crossing up, the target will be 0.655