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COMMERCIAL INTL BANK(EGYPT)S.A.E GDR EACH REPR 1 ORD EGP10 REG'S'COMMERCIAL INTL BANK(EGYPT)S.A.E GDR EACH REPR 1 ORD EGP10 REG'S'COMMERCIAL INTL BANK(EGYPT)S.A.E GDR EACH REPR 1 ORD EGP10 REG'S'

COMMERCIAL INTL BANK(EGYPT)S.A.E GDR EACH REPR 1 ORD EGP10 REG'S'

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CBKD trade ideas

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.
EGX:COMI
by TradePit