Important Levels for Comi.Comi Closed Below 50.20 today, with a Bearish Engulfing candle.
Support Areas on the Chart:
1st Support : 47.78 - 48
CBKD trade ideas
Head and shoulders Is it going all the way down or the weekly trend will push it to newest publish level !!
Why Enter ? COMIWhy did I enter a buy @ 49.13 and why did I put my stop loss @ 47.13
1. On day 19th march the session ended up forming a doji, which is a clear sign that indicates a possible reversal in the trend. The doji forms its own resistance and support areas , which is indicated by its tails. This takes us to the second point,
2. The tail of doji formed a strong support area @47.13, which is the area that brought the price to it real body, this is a clear sign that if it have fallen there again, and broke it then the support was not strong enough to hold the new positive trend.
Possible Bullish (COMI) This is not a financial advice only an analysis
COMI is an uptrend as shown in the graph, and after 2 weeks of dropping in price a doji has appeared which may suggest a possible reversal in chart, as well as the CHOCH that you can see
A big corrective wave is comingFive bullish historical waves have been created, and we are at the end of a fifth wave, and three bearish corrective historical waves are in progress.
COMI London CBKDDear Friends,
Correction so far as long as its above 1.592 1.52
even if its going for the Bearish scenario, there is a trade up 1st to Form B >> Expect around 50 - .618% fib
So i am Bullish on Buying for a trade between 1.63 - 1.592 and will watch for the price action there for a confirmation.
On the Chart Fib Channel.
and Price points.
Good luck
Fake BearishTHIS IS NOT A FINANCIAL ADVICE, THIS IS ONLY A PERSONAL OPINION, WOULD LOVE TO HEAR YOURS IN THE COMMENTS
I believe this drop in price is only a correction due to the huge jump from 45 to 47.8. The price broken the trend line and is supposed to have a strong support @ 47.965 and 46.614. The final support before a bearish would be 43.04.
So to conclude i believe that if it continues above 43.04 , this is still a potential bullish sign.
Follow to stay updated
COMÍ Resistance and Support This is not a financial advice, but only a personal opinion
Since my last prediction and trend analysis was accurate thanks to god first,
I assume since it stabilized over the 50.834 which was the previous resistance, the next resistance will be @ 51.870 and possibly 52.491.
The stronger support is @ 49.382 and @ 47.96
Please follow and like if you would like to see more trend analysis and stock reviews
Bullish (COMI)BULLIISHHH
As you can see here the price has passed both resistance line @ 46.58 and @ 47.96 and stablized above them both, this means that it will have a new target of 50.87
THIS IS NOT AN INVESTING ADVICE, I AM ONLY SHARING MY THOUGHTS, AND WOULD LOVE TO HEAR YOURS EGX:COMI
COMI EGX30 Huorly chartThe Commercial International Bank, on the hourly curve, confirmed that there had been a reversal between the price movement and momentum, and retested the confirmation level at 43 Egyptian pounds, and the price is likely to reach the level of the demand area at 37.80-37.00
CIB-EGYPTThe trend for CIB Egypt weekly - The trend for CIB Egypt weekly - The trend for CIB Egypt weekly
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
An analysis for COMI StockFrist, we show on the top 4 Resistance lines in yellow and on the bottom one support line in green .
and we show a pattern of Two heads but upside down .
and the result of that, that the price of COMI Stock will increase to more than 51.000
Commercial international bank COMI /EgyptUptrending showing a bigger head and shoulders pattern
it works for a target of 67.95 & then the pattern target which is 68.82
Good luck and enjoy this trending leader of EGX30
Updating COMI chart 17/8/2021updated due to dividends today,
still uptrending for fixed target 55.63
and
pattern target 51.98 ,
best wishes
COMI | CIB | EGX30 | june 17 , 2021update of the previous technical analysis #Commercial_International_Bank #Egyptian_Exchange!
comi | CIB | egyptCommercial International Bank | Egypt | Technical analysis
A symmetrical triangle is observed on the weekly chart.
Calls for further decline
Note that the pattern is inside the big megaphone pattern !!
The target of the symmetric triangle is 52,000
And the support of megaphone pattern @ 49,000-48,000
COMI.CACOMI or CIB bank at a critical point reaching the upper side of downtrend channel and a resistance at 60.00 EGP
watch CIB if break above 61 can reach 68
if can not break current level it will back to 52 level
CIB harmonic pattern- Type 2 return correctionExpecting a type 2 return to the levels of 52 to setup for Type 2 target
