EGCH, long uptrend to 11.3 , 15.5 Long

EGYPTIAN CHEMICAL INDUSTRIES (KIMA)EGX

Description

⋅ Jul 19, 2023 5:49 PM

EGCH, Egypt
One the weekly chart, a technical pattern flag was formed, and the target is 11.3
Once we cross up this level, the stock should target 15.5
This is a medium term view in few months.

Profit protection should be considered.

Comments

YEGHEN

⋅ Dec 5, 2023 6:43 AM

Any update on the chat target

snour

⋅ Dec 5, 2023 8:01 AM

@YEGHEN
If the stock is closing positive this week, target 20.5 (weekly chart)

snour

⋅ Jul 20, 2023 2:06 PM

Thanks.
No, and RSI is under 80, MACD is positive.
This is a weekly chart. So, we have room for slight horizontal correction, to get more buying force, then to reach higher levels.

MohammadElshreif

⋅ Jul 20, 2023 11:56 AM

good recommendation , but is it negative divergence rsi with chart?