Breakthrough sideways price channelTAQA has been moving in sideways price channel ranged from 11.60 to 12.90 in the past 7 month, and successfully breakthrough the significant upper resistance line of the sideways channel supported with trading volume higher than the past 10 month potentially targeting the below:
- TP1: 14.3
- TP2: 15.4
- TP3: 16.5
- SL: Below 12.9 "Confirmation required"
TAQA trade ideas
TAQA Arabia Egypt - To target 13.2 after crossing ResistanceDaily chart,
the stock EGX:TAQA is trading in a rising channel, the price reached the support and is supposed to rebound upwards to target the Resistance line R at around 13.25
Consider the new entry Buy above 12.25 (2 days close) for more safety, or buy in parts down to 12.0
Stop loss below 12.00 (for 2 days) should be considered.
Note:
Closing above the Resistance line R for 2 days, the next target will be 14.3 passing through resistance level at 13.5
#TAQA#TAQA created a bullish Gartley pattern at time frame 1 hour
entry level around 12.81
stop loss 12.65 up to 12.60
first target at 13.20
second target 13.20 up to 13.50
NOTE : this data according to time frame 1 hour
note : there is anther bullish Gartley pattern at time frame 1 day giving higher targets up to 14.00
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
#TAQA#TAQA created a bullish Gartley pattern at time frame 1 day
entry level around 12.81
stop loss 12.60
first target at 13.30
second target 13.40 up to 14.00
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
Taqa Important levels - Gann FansHello Dear Traders,
- Important Levels
On the Chart "Horizontal Lines" Based on Gann Square of 9
Works as Support/Resistance. Watch for Price action around those levels
- Jinny Gann Fan / Fan R
- Vertical lines works as time lines. Expect Reversal around them.
For Today
Support : 11.91 - 11.37
Resistance :12.46 - 13.6
Wish you Good Luck Trading.