I love Fawry stock since it has been doing well during bad times in the Egyptian market. Its really an undervalued stock that i expect it to do exceptionally well in the future. However, based on the chart (for short term) for this stock to really takes off, it need to correct, grap liquidity and to the moon from there. So i think, realistically, its has to go...
What a beautiful short opp in here.
looks like the price is just hitting a prick wall that it cant get through. Unless fresh liquidity enters the market, its short. Also check out this big rejection candle on the daily, looks very bearish tbh.
keep track of the news in the coming days, if there is any positive news, then close the trade.
Shorting ACROW
Well, i think that the ACROW stock is just way oversold with little liquidity that further strength the idea of pushing higher.
Having that in the back of the head, then we are looking at a short position with targets based on the resting liquidity in the market. Now two scenarios that can happen, either the price retraces so that sellers sells...
