snour

snour

1-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.

snour

Daily chart, Sugar PEPPERSTONE:SUGAR can be seen as forming a diamond chart pattern. Since there is a price gap, as shown in the circle, it may go to close this gap before a rebound to the resistance line R. Above R, the target will be 22.7 passing through a resistance level at 20.9 Stop loss below 18.4 should be considered.

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Daily chart, the stock EGX:ARAB has been falling badly. The pattern is showing a possibility for 2 rebound levels: 0.352 and 0.326 Technical indicators: RSI is near a BUY zone. MACD is signalling a down movement. So, a new entry should be after the clear rebound. Be careful with this stock!

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Weekly chart, the stock EGX:EDBM is trading in a rising channel, and the technical indicators MACD and RSI are showing the strong potential to target the resistance line R at around 0.44 (Used Heikin Ashi candlesticks to remove noise) Stop loss below 0.295 should be considered.

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Daily chart, the stock EGX:ENGC is forming a rising channel. The last candlestick can be considered as signal for a positive movement. The expected target is 27.0 at the resistance line R, passing through resistance zones 24.4 and 26.0 Consider a stop loss below 22.0

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Monthly chart, PHDC targets 4.33 after crossing the resistance line at 3.52 A very long term target is 9.35 after crossing the 5.0 resistance (high of April 2018) Stop loss 2.8 should be considered

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Daily chart, the stock EGX:MOIL is trading in a flag chart pattern inside an expanding triangle. I see the price has a high probability to rebound to resistance line R1 from the support zone 0.375 - 0.371, then the target will be blue line R2 (around 0.408 - 0.405) Above R2, the targets are shown on chart. Note: New entry should be after clear rebound. Stop...

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Weekly chart, the stock ADX:ADNOCDRILL has been trading in a rising channel since March 2022. The current price is near the upper channel's boundary (resistance line R). So, either a breakout around 4.85 - 4.90, or a rebound. Closing below 4.40 for 2 weeks, will push the price downwards. Above the resistance line for 2 weeks, the target will be 6.05 - 6.10

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Daily chart, the stock EGX:SKPC has formed 2 patterns: symmetrical triangle and cup. After crossing resistance line R around 30 - 31, the target will be 36 then 40 The technical indicators RSI and MACD on the weekly time-frame are signalling an uptrend. Stop loss below 28 should be considered.

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Daily chart, the stock EGX:SPMD is trading in a rising channel, and the technical indicator MACD is positive. I see the stock is preparing to break out the resistance (upper channel line R) to target 0.47 Trading above 0.47 for 2 days will activate the targets up to 0.60 Consider stop loss below 0.36

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Daily chart, the stock EGX:EGCH is preparing to cross the resistance zone 9.1 - 9.2 Trading above 9.2 for 2 days, the target will be 11 then 11.6 passing through a resistance zone at 10 MACD indicator is positive. Stop loss below 8.8 should be considered.

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Daily chart, after the breakout of the horizontal channel, the stock EGX:ATQA should have a pull-back, and prepare to continue upwards to target 4.7 then 5.2 The technical indicator MACD is positive. Stop loss below 4.15

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Daily chart, the stock EGX:EKHOA is drawing a chart pattern, where the targets up to 41 and 44 will be activated after crossing the resistance zone 31 - 32 The technical indicators RSI and MACD are supporting this view. Consider a stop loss below 29.5 - 29

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Daily chart, the stock EGX:TMGH is trading in a symmetrical triangle (for the last 72 candles). The orange dashed line is pivotal - Above 56, the price will go up to test the upper triangle's edge. Otherwise, the price will test the lower edge. Should consider a stop loss below 55 Technical indicators RSI and MACD are almost neutral. So, direction should...

snour Updated 

1-hour chart, EGX:EKHO is trading in a falling wedge. I am expecting a rebound from this zone 0.720 - 0.725 Closing for 3 hours above 0.725 will push the price to 0.750 passing through some resistance levels 0.732 , 0.740 Currently, the chart's technical Indicator RSI is inclined towards over-sold. Stop loss below 0.720

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Weekly chart, the stock EGX:MFPC was pumped to the 70's then dropped sharply to 35. It has started a rebound, expected to 51, then 54 Stabilizing for 2 weeks with high volume trading above 55, the target will be 66 - 68 Be careful, the stop loss should be considered as near as possible.

snour

Daily chart, the stock ADX:TAQA is still pushing downwards but the rate has slowed down. RSI is getting in the over-sold zone. So, I expect the rebound will start soon - may be in 2 weeks. Note the stop loss line. It is important to decide your own stop loss or profit protection level.

snour Updated 

Weekly chart, the stock formed a chart pattern, the target is 1.44 then after crossing 1.50, the next target will be 1.69 Dynamic profit protection level should be considered as the price increases.