snour

Mansourah Poultry, should target 1.30 (then 1.60)

Long
EGX_DLY:MPCO   MANSOURAH POULTRY
Daiy chart, the stock formed chart patterns (Cup & handle - Rising Triangle) and the target will be 1.30 passing through 1.13 and 1.21 resistance levels.
Stabilizing above 1.14 the target 1.60 will be activated.

Technical indicator MACD is positive, while RSI is in over-bought zone; some minor correction may happen before resuming uptrend and crossing next resistance level..

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.