Emerging Bearish harmonics Scalping long trade to the completion of the emerging Bearish harmonic patterns the Bearish move on the breakout of the trend line
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0.354 USD
839.44 M USD
3.83 B USD
About COMMERCIAL INTERNATIONAL BANK-EGYPT (CIB)
Sector
Industry
CEO
Amin Hisham Mohammed Ezz Al-Arab
Website
Headquarters
Giza
Founded
1975
FIGI
BBG000CLC0L2
Commercial International Bank - Egypt (CIB) SAE is engaged in the provision of banking and financial services. It operates through the following segments: Corporate Banking, Investment Banking, Retail Banking, and Others. The Corporate Banking segment includes incorporation of direct debit facilities, current accounts, deposits, overdrafts, loan and other credit facilities, foreign currency, and derivative products. The Investment Banking segment comprises of incorporation of financial instruments trading, structured financing, corporate leasing, and merger and acquisitions advice. The Retail Banking segment consists of incorporation of private banking services, private customer current accounts, savings, deposits, investment savings products, custody, credit and debit cards, consumer loans, and mortgages. The Others segment covers other banking business such as assets management. The company was founded on June 1, 1975 and is headquartered in Giza, Egypt.
Commercial International BankThe stock of Commercial International Bank (CIB) on the Egyptian Stock Exchange: please exercise caution. The stock had been rising from September 2022 to its peak in March 2024, where it made a false breakout above the last peak. It then dropped to the channel's lower limit on April 30, 2024, and a
Comi Important Levels - GannHello Dear Traders,
Decrypting The Algos!
- 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 Grid
- Vertical lines works as time lines. Expect Reversal around them.
Next Near Resistance:84.
CIB 84 target "overbought"with reference to RSI and resistance level 84 EGP is an overbought signal, even we are in uptrend I would say to CIB stock holder to reduce and out @ 84
the re entry level is 78
Buy only with 10% of your wallet @78 if price fall increase at 73 level
note the recommendation for medium term only an
medium term CIB is down trendin daily perspective we are in counter up trend will low momentum. with to strong resistance 77 and 80
the price in range between 70 minimum and max 84 EGP
I would say buying level is 70 with target 82
if breaker 70 I will again buy at 65 level and hold
recommendation
no entry now waiting for 70 EG
Day Trade for COMI- ONLY if all stars are aligned.
- Resistance @ 75.70- 76.40, if the market is able to breakout these levels, high probability that CIB will at least poke 78.70.
- Day trading is highly risky, risk only what you can afford to lose.
- Bearish market cancels the trade.
Possible harmonic patterns Two scenarios for bullish and bearish outlook are shown in the chart.
Wait for price action at potential reversal zone
Multi timeframe analysis weekly, two days, daily, hoWeekly, 2 days, and daily timeframes are still uptrending. Unfortunately, there are some hiccups on lower timeframe. The five minute timeframe suggests that we are consolidating below red kumo.
Analysis is based on Ichimoku, and Elliot waves. Confirmation is done by other indicators such as MACD, s
Setting-up your trading plattform5 Indicators :
LUXALGO
a-Adaptive MACD
b- MACD based price forcasting
DGT:
a-Price Action Support & resistance
b- ˜Dual Supertrends
REDKTRADER
a-REDK EVEREX
Narrative is in Arabic
Ras Hikma impact on EGX30the rule of thumb in the EGX30 ... buy on RUMOURS, and sell on the NEWS.
Rumors started on Jan 31st, Ras Hikma project is worth 45Bn USD, and Emiraties areIN.
Yesterday, the Rumors became solid fact, Egypt prime minister announced the signing of the contractual agreement live on national televisio
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