Waleed zaki is a wolf Final target 4.4
Resistance 3.96
Tic tac
Short trade
Don't forget support and follow
ZMID trade ideas
Zahraa Maadi Egypt : A quick trade opportunity1-hour chart, the stock EGX:ZMID is preparing to rebound from the lower channel line R.
The target should be the upper line (around 7.6) passing through some resistance levels.
Technical indicator RSI is supporting this view.
Stop loss below 7.05 should be considered.
ZMID Zahraa Maadi Investment & DevelopmentThe stock has an imaginary support level at 5 Egyptian pounds and is currently trading in a resistance range between 6.30 and 6.5 Egyptian pounds, forming a flag pattern. If it breaks above the 6.70 Egyptian pound level during any weekly session, it could reach 7 Egyptian pounds, followed by 7.2 Egyptian pounds, 7.5 Egyptian pounds, and eventually 8 Egyptian pounds. Coincidentally, the company will be implementing decisions made at the company's general meeting after approving the distribution of dividends of 0.15 Egyptian pounds divided into two installments, as well as the distribution of free shares in August. This will likely cause the stock to fall again to half its price, reaching levels of 4 Egyptian pounds. This will create a new bottom for the stock, but remember that you will not have lost money; instead, you will have received free shares.
Positive outlookBuying signals on the 5 minutes chart; watch the performance on 5 minutes timeframe. Especially if volume continues .
ZMID wants to breakout !!?- probably still has a daily 5% ceiling.
- It may consolidate in the channel.
-Good entry is probably around 7.40-7.80
- Make your own decision, size accordingly and manage risk.
Let's wait & confirm our decision on Sunday 1-28-24 he demonstrated concept is based on FVG, Order Block, and Ichimoku Kinko Hyo. The narrative is in Arabic, and channeled toward Arabic speaking trader in CASE.
Disclaimer: this is not an investment proposal; if you want to invest consult your investment/wealth manager.
Zahraa ZMID - Trying to beat a 2-year resistance!Weekly chart, Zahraa ZMID is showing good potential for high targets.
Above the 2-year resistance level (at 8.80), the target will be 11.07 then 14.40
MACD is positive. RSI is almost over-bought --> The stock may need some flat trading before crossing up / or some very minor corrections to cool down the indicator.
ZMID, EGX, to target 5.6 and 6.2ZMID , Egypt
On 30-min chart, a high potential to hit 5.6, then target 6.2 in the short term.
RSI is showing a buy area.
Stop loss at 5.15 - 5.10 should be considered.
Zmid LongTermFinaly?
Closed above 5.55 which is Great for A Relief Rally.
Rsi Broke its MA.
Stochastic is Bullish.
Resistance:
6.45
6.80
11
Support:
5.55
5.38
5.22
5.15
4.92
Stop Close under 4.80
Looks like Tefa Took Permission for UP
Your Comments are Appreciated .
Good luck to u all.
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
