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MoatazFarid

A very risky short term catch the wave!

Long
EGYPTIANS HOUSING DEVELOPMENT & RECONSTRUCTION (EGX:EHDR)  
MoatazFarid Updated   
EGX:EHDR   EGYPTIANS HOUSING DEVELOPMENT & RECONSTRUCTION
Support and Resistance Trend Lines
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supportandresistance trendline
A very short term catch for daytraders or short swing trader.
I believe this is not the best entry, may be catching the short trend, so a very risky long position is taken.
Trade closed: stop reached:
Stop Loss point reached , so closed position :(
Comment:
It seems that my analysis for the stop-loss point was incorrect(it should have been 0.611EGP) , and if it followed the rule that target could have been reaching 0.783EGP
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