#TMGHTMGH analysis up trend for long term target 16 EGP and short term target 11 /11.85 EGP with stop loss short term clossing under 6.25 EGP
and stop loss long term closing under 4 EGP
TMGH trade ideas
TMG Long UpdateHey everyone,
The chart shows bullish flag and held strong support at 47-48 price level. One thing that worries me is the liquidity below 47.5 (in green circle), because the price always makes big moves after a liquidity sweep, which in this case didn't happen yet.
So i expect one of two scenarios that might happen, either the price will go briefly below 47 to sweep the liquidity, create a wick and move to the upside from here or the price will just breaks the trend line, retraces and then continue upwards.
so my advice (do your own research before you take any position) is to DCA into position, meaning, every time the stock drops 1 Egp, buy and increase your buying power, every time the price goes lower (example, buy 1 share at 54, 2 shares at 53, 3 shares at 52 and so on), and for all your buying positions have a stoploss at 45 EGP.
TMG Long position updateI still believe that there is a good chance for this stock.
All the signs that i can see signals bullish bais. With that last green candle, i think there is a pretty good chance for this stock to continue upwards.
I assume the last push down was whales grabbing liquidity and shake out weak hands before the next leg up.
If you are a conservative trader, you can wait until the price breaks above this yellow line on the chart, retest it (thats where you should open a long position), and take the trade.
or if you are still aggressive enough for this trade, then stick to the SL.
TMG Long Ok this chart reminds me of Gold chart before it made the latest biggest run to the north. One of the most bullish charts that i have seen lately tbh.
I rate this trade 8.5 out of 10. That how high i believe it might play out very well, with at least 42% ROI. While risking 6 to 10 % of my money. that if the price reaches its all time high at 92 EGP. if that target hits, i will update the chart to see what the next target should be, but if it takes off from here and go up north, the sky is the limit for this stock. (only if it plays out right)
However, you should do your own analysis and take this analysis as a reference to your analysis. if my analysis and yours aligns, then consider taking the trade. If not, then go with your highest convection.
DO YOUR OWN RESEARCH, DONT FOLLOW ANYONES ANALYSIS BLINDLY, AS YOU RISKING YOUR OWN MONEY.
Backup possibilities for the next periodThe movement of repeating highs and lows from around the beginning of the year foretells the next upward movement.
The correction rates after the decline represent 16%, 15%, or 11% of the last upward movement.
Therefore, the stock is expected to rise to the levels shown on the chart..
Then the correction goes back down As we have been accustomed to the stock for quite some time.
This expectation is supported by technical indicators, which produce bullish signals.
Good luck everyone.
Talaat Mostafa TMG is challenging!Daily chart, the stock EGX:TMGH is trading in a symmetrical triangle (for the last 72 candles). The orange dashed line is pivotal - Above 56, the price will go up to test the upper triangle's edge. Otherwise, the price will test the lower edge.
Should consider a stop loss below 55
Technical indicators RSI and MACD are almost neutral.
So, direction should be confirmed first, for the new entry.
The targets are shown on the chart are after crossing the resistance line R, and trading above it with high volume for 2 days.
TMGHanalysis performed using the following strategies and indicators:
Ichimoku Kinko Hyo
Law of diminishing returns
Volume price trend
Relative Strength Index (RSI)
Average True Range (ATR)
Linear Regression
TMGH 25% up potential I would recommend entry point to be around 55 EGP and target is 70 EGP.
TMGH will achieve significant revenue and net profit this year.
may the have to adjust cash flow.
do not trade above 10% of your account at price 55
if price fail we will buy at 50 EGP 10 %
stop loss is below 47 EGP
this is not advice to trade :)
Talaat Mostafa Group Stock, only higher.
For those interested in the Egyptian Stock Exchange market, here's a technical analysis of Talaat Mostafa Group's stock. I recommend placing two buy limit orders and two sell limit orders for quick profits. In the long run, the stock is expected to reach higher levels. The fundamentals also support an upward move due to the inauguration of the new Southeast project next Sunday.
TmghHello Dear Traders,
Tmgh Important Levels on the chart (Jinny Gann square of 9 levels)
Treat it as Support/Resistance .
Main Up Trend-Line (Yellow Trend)
Current Support 51.27 - 51.0
was Pivot/Resistance : 57
Down-Trend Channel Plotted on The chart.
Cci levels -198 Indicating over Sold levels.
Rsi is 39 Near Support "Near over sold" Usually around 30
Table in the Bottom left corner has some important Data .
Updating old Chart by More levels
and Jinny Gann Grid
Wish you Best of luck Trading.
Tmgh Important LevelsHello Dear Traders,
Tmgh Important Levels on the chart (Jinny Gann square of 9 levels)
Treat it as Support/Resistance .
Main Up Trend-Line (Yellow Trend)
Current Support 51.27 - 51.0
was Pivot/Resistance : 57
Down-Trend Channel Plotted on The chart.
Cci levels -198 Indicating over Sold levels.
Rsi is 39 Near Support "Near over sold" Usually around 30
Table in the Bottom left corner has some important Data .
Wish you Best of luck Trading.
King Tut's Ascendancy: The Triumphant Tale of TMGHBeneath the gaze of King Tut, the victorious pharaoh, the destiny of TMGH's stock unravels like an ancient prophecy. Currently priced at EGP 51.80, the stock finds itself ensnared in a downward trend, yet whispers of potential reversal echo through the markets. Much like Tutankhamun reclaiming his throne, TMGH teeters on the brink of resurgence. The 24-day and 18-day moving averages loom above as formidable barriers, casting bearish shadows over the short-term outlook. Yet, as the price flirts with the lower Bollinger Band, it suggests oversold conditions—ready for a regal rebound.
The Ichimoku Cloud foretells a grim narrative with the price decidedly below its mists, signaling ongoing bearish sentiment. However, like the youthful king's surprise ascendancy, the RSI hints at an impending shift, currently entrenched in oversold territory below 30 and poised for a revolutionary upward correction. The MACD, while still echoing the murmurs of bearish momentum, shows signs of flattening—perhaps heralding a new dawn of consolidation or a reversal.
In the immediate term, during the next trading hour, TMGH's price could stage a rally, targeting resistance levels between EGP 52.00 and EGP 52.50, potentially climbing towards EGP 53.00 if bullish sentiment gains strength. Tomorrow, as King Tut leads the charge, the stock might continue to battle bearish forces, with key support levels anchoring at EGP 51.00 and EGP 50.50. Yet, should the pharaoh's favor shine, a bullish reversal could see TMGH surging past immediate resistance to scale the heights of EGP 53.50 and beyond, striving towards EGP 54.00. Under the watchful eye of King Tut, TMGH could re-establish itself, echoing the triumphs of ancient Egypt.
Bullish on TMGTMG have showed positive signals during the previous sets.
So, we are waiting it to correct backward to the golden zone, to get long with a but entry.
TP are marked with blue.
Navigating Market Dynamics: Insights from Ichimoku TechniqueNavigating Market Dynamics: Insights from Ichimoku Kinko Hyo Technical Analysis
The in-depth technical analysis underscores a significant transformation in market dynamics, with indications pointing towards a potential continuation of the downward trend. The emergence of a downward cross below the Kumo cloud, coupled with the deviation from the prior bullish momentum depicted by two consecutive green bars, sets the stage for a shift in sentiment. Today's red-colored bar, featuring a distinct wick pattern suggestive of market pressure and resistance levels, reinforces the likelihood of the downtrend persisting in the near term.
Key Points:
- The technical analysis highlights a probable continuation of the downward trend based on recent observations.
- The downward cross below the Kumo cloud signifies a notable shift in market dynamics.
- Contrast with the previous bullish trend indicated by two consecutive green bars.
- Today's red-colored bar with a unique wick pattern hints at market pressure and potential resistance levels.
Recommendation:
Given the analysis indicating a potential continuation of the downtrend, it is essential for traders and investors to exercise caution and closely monitor market developments. The distinct wick pattern on today's bar underscores the significance of market pressure and resistance, suggesting the need for a strategic approach to navigate the evolving market landscape effectively. Monitoring subsequent price action will be crucial in confirming the trend direction and making well-informed trading decisions.
This integrated detailed technical idea update delves into the findings of the technical analysis, highlighting the evolving market dynamics and the potential continuation of the downward trend, while emphasizing the importance of closely monitoring market movements for informed decision-making.
Bullish & Short term target is 5.3 EGPSupersonic volume 3X average daily.
Tenken sen is passing through the BAR & will lag for a morning coffee. this is confirmed on the 5M Timeframe.
tmghtrading idea for long term investment
This wave numbering is based on a monthly basis according to the ruling time cycle EGX:TMGH
NEXT MARKET MOVE UP TO 2023NEXT MARKET MOVE UP TO 2023
At the bold black line, a major area,
At the orange line, a sub area
WE CAN UPDATE AFTER BROKEN
chart show how TMGH is identical with EGX 30 index the idea showing regardless TMGH is financially strong, its stock shall follow the market index
buy TMGH at 5.10TMGH is now on bearish down trend, meanwhile the reversal could be soon around 5.10 LE
just set back and watch it for reversal signal
TMGH 20% Profit Trade < 1 Month
Stable stock, Low ATR, Currently below 30 in stochastich
Low volume though, Need a confirmation candle
Entry Price ~ 6.6
Stop loss at EGP 6.3-6.4
Risking 5% of The trade value to gain 20% profit
Risk to reward: 1:4
