TarekGadallah

EGX70 Quick look 22 Oct 2021

Short
EGX:EGX70EWI   EGX 70 EWI Index
Support @ the rebound point 2290
Resistance @ 2805

The movement next week could be side movement between support @ resistance

Re-test 2290 again and rebound confirm market bottom

Breaking 2290 means that, the correction didn't complete.

On the other hand , breaking 2805 within few weeks can change the trend to up-trend.

Dr. Tarek Gadallah
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