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snour
Dec 31, 2023 1:17 AM

It is time for EGBE to go long-term bullish? Long

EGX:EGBE1M
EGYPTIAN GULF BANKEGX

Description

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Monthly chart, the stock has been in a long-term downtrend, and the chart pattern falling wedge was formed.
The target is 0.610, extending to 0.652 and 0.795 (Fibonacci extension)

My view: it is a nice long-term investment.
Chart PatternsTrend AnalysisegxEGBE
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