snour

ICID to target 11.7 after crossing resistance

Long
snour Updated   
EGX_DLY:ICID   INTERNATIONAL CO FOR INVESTMENT & DEVELOPMENT
ICID is preparing to cross the resistance line (blue) at 7.10 - 7.05, the target will be 8 then 9 then 11.7

I think the the stock will test down 6.75 - 6.70 before rebound and crossing up.

Stop loss should be considered.
Trade active:
Crossed resistance line, and the target is activated.
Comment:
There is a SPLIT - So, values are affected.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.