MPRC - Announce your seriousness about raising prices

Aug 9

MPRC timeframe: 2 hours
Identified a bearish Gartley pattern with:
- Sell point: ~36.00
- Targets: T1 at 34.30, T2 at 33.00
- Stop loss/rebuy: 36.60
If prices close above 36.60, the next resistance at 37.33 (1.618 extension of XA) could serve as another sell point. All data is on the chart.

The MACD shows a negative signal, supporting the bearish outlook. Meanwhile, EGX30/EGX70 are hitting new highs, which might push prices higher.

Given the multiple scenarios, adhere to stop losses or rebuy points to protect profits and minimize losses.

Disclaimer: Not investment advice; consult your account manager before acting. Good luck.

Aug 10

Trade active

first target achieved

Aug 17

Trade closed: target reached

all targets achieved
its was a good trade for enhancing the long position for stockholders
now trailing stop is 31.00
36.00 is the next point of trailing stop
my advice is ( don't be emotional more than subjective )
good luck