EGX30 to test 25000, targets 26490 after crossing up
1-hour chart,
The Egyptian market index EGX30 is rebounding to the resistance line BLUE, from the support line RED.
Above 25000, the target will be 26490, passing through the shown resistance levels.
Stop loss 24400
The Egyptian market index EGX30 is rebounding to the resistance line BLUE, from the support line RED.
Above 25000, the target will be 26490, passing through the shown resistance levels.
Stop loss 24400
Trade closed: stop reached
Comment:
Note on EGX: A market-wide correction pulled all the stocks down and the stop activated. However, all stocks will rebound.
