snour

AMIA should target 2.99 then 3.52

Long
snour Updated   
EGX_DLY:AMIA   ARAB MOLTAKA INVESTMENTS CO
Daily chart, the stock made a nice breakout to the rising channel, the target is 2.99, then 3.52

However, as the technical indicator RSI is in the over-bought zone, there may be a correction before continuing upwards.

Profit protection level should be dynamically considered as the stock price goes up.
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