Daily chart The stock is trading in a rising channel - the price is heading towards the upper line (Resistance line R). Next resistance levels will be 8.7, 9.1 then 9.4 The technical indicators RSI and MACD are supporting the positive view. Consider a stop loss below the line SL. Currently, below 8.0
Daily chart, the stock EGX:ECAP is drawing a symmetrical triangle, between the Resistance line R and Support line S. Closing above R for 2 days (above 24 for more safety), the price will target 31.6 passing through the shown resistance levels. Stop loss is below S, and can be below SL line at 21 (one day, with low volume) Below SL line, the price may fall...
Daily chart, the stock EGX:ARCC is trading in a descending channel, and a long flag chart pattern may be completed. After crossing the Resistance line R, the target will be 12. Closing above 11.3 for 2 days, the target will be 14 extending to 14.5 A new buy entry should be safer above 11.5 with the stop loss below 11.1 For an immediate entry, the Stop...
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
Daily chart The stock is trading in a broadening pattern (mainly between lines R and S); and the next level is 25.6 Above this resistance , the next targets will be 27.3, 28.0 and 29.2 The technical indicators RSI and MACD are supporting this view. Consider the stop loss below 22.6 - And raise the protection level as the price goes up.
Daily chart The stock NASDAQ:AVGO is drawing a double bottom chart pattern between the lines Resistance R and Support S. The price may re-test the support line S1, then rebound to hit the Resistance line R. Trading above line R (at around 187) for 2 days, the target will be 241 Technical indicator RSI is supporting this bullish scenario. Consider the Stop...
Daily chart, the stock EGX:OLFI is preparing to beat the resistance line R and breakout. Closing above resistance line R for 2 days (above 16), the target will be 19, then 23 Technical indicator MACD is positive, and RSI is near over-bought (so some minor correction may happen around the breakout level. Consider stop loss below the line S or below 14.1
Weekly chart, the stock NYSE:BABA is trading in a symmetrical triangle, and is heading down to the support level. I think the 100 or 89 levels will be strong enough to reverse the direction; to hit the resistance line R at around 117. Closing above R for 2 weeks (above 118), the target will be 184, passing through the resistance levels 138 and 170 Consider...
Weekly chart, the stock TADAWUL:3030 has been falling for long time, and is near the long-term support line S (around 39.9). On the intra-day time-frame, the indicators MACD and RSI are showing the rebound has started. The price should target the Resistance line R - at around 54 passing through resistance levels at 45 and 49 A safer new buy entry can be...
Daily chart, the stock NASDAQ:NVDA is forming a symmetrical triangle, and the price could not break out the resistance line R since June 2024. Technical indicators RSI and MACD are on the positive side; to have an upward movement. However, a new entry for bullish uptrend should be after 2 days trading above 128 -- Then the target price will be 175 A stop...
Daily chart, the stock TADAWUL:1180 is trading in a descending triangle, with upper line R and lower S It is seen as a short term trading opportunity between S and R. However, the price should close 2 days above line R to activate the target 41.4 then 43.3 A stop loss should be considered below line R (32.9). Be careful: Below support line S, the price can...
Daily chart, the stock TADAWUL:2270 is trading between support and resistance lines S and R respectively. Closing above R for 2 days, the price will target 417 then 439 The breakout may happen around 385 Technical indicator MACD signals a minor correction may happen soon. RSI is indicating a bullish movement. Below support line S is a stop loss.
Daily chart, stock is crossing the triangle, and is targeting 422 passing through resistance levels as shown. RSI and MACS support this view. Stop loss should be considered at 310
Daily chart, the stock is trading between support level 8.6 and resistance level at 9.5 Closing above 9.5 for 2 days, will push the price to the shown resistance levels. Consider a stop loss below 8.6, and raise the level as the price goes up for profit protection. Technical indicator MACD shows a consolidation in this range is still going on.
On the weekly chart, EMFD is pushing to cross the resistance line. Above 4.17, the targets will be 4.76, 5.13 and 5.35 RSI and MACD are positive upwards Stop loss at 3.79 should be considered
Monthly chart , I have noticed: 1. Price hit the all-high long-term resistance line (R) in years 2011, 2000, 2022, May and Dec. 2023 - So there is an acceleration. 2. High volumes since year 2021 3. Trading range is being close to the upper resistance over the past 36 months. Technically, crossing and stabilizing for 2 months above the resistance line (R), the...
Weekly chart, the technical indicators MACD and RSI are supporting the uptrend of the stock. There are resistance levels at 0.83 and 0.91 The target is 0.98 - 1.00 after crossing 0.91 Consider a near stop loss below 0.72 Note: Low volume trading on the daily time-frame.
Daily chart, the stock EGX:SUGR is trying to beat the resistance level at 73.7 2 days closing above 74, the target will be 89.9 then 96.4 extending to 99.8 The support line S should be considered for the near stop loss level for the daily time-frame. Currently at 70.5 Technical indicators RSI and MACD are supporting this bullish view.