snour

AMOC to target 14.4 after crossing resistance

Long
snour Updated   
EGX_DLY:AMOC   ALEXANDRIA MINERAL OILS COMPANY
Daily chart, AMOC is trading in a descending channel, and it seems a chart pattern will be formed - a flag / inside a triangle.
After crossing the resistance (at 10.35 - 10.4), the target will be 12 and 12.6 , then some correction may happen at 12.6 before reaching the target 14.4

Stop loss below 9.6 to be considered.







Trade active:
The chart pattern has been completed..

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