Dear Abdullah, do you perceive the constant decline in price as threatening or may indicate bad news. Also, how can we connect together if I want to buy your services. Thank you
AbdullahAhmedEgypt
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@MuradGhaleb, The drop in price from 6 months ago to now occurs in small quantities, and this indicates that the decline is not due to bad reasons related to the company's activity. The stock, since breaking the 60 levels, has entered a strong downtrend and may have been met with some negative news from the company, causing the price to decline.I have attached a new chart for you that shows the status of trading volumes with the stock movement. You will find that the A/D indicator in the recent period has formed a positive divergence, and you can also see that the slope angle of the index is small compared to the slope angle of the price. Secondly, you will find that breaking the 60 levels, which is one of the most important support areas, was made with ridiculous volume compared to its predecessor! Despite the importance of the level as a support. Thirdly, the ADX indicator indicates a very weak trend in the downtrend, as well as the last days, we notice a reversal to the top. My expectations are that the stock may moves in the coming period towards levels of 60, and these levels will determine the future of the stock. If the stock can remain above these levels, do not rule out 70 ! From there to the right shoulder of a technical pattern on the weekly chart, targeting 1.3, but let's not anticipate events and wait for the stock's reaction when it approaches 60 levels.
AbdullahAhmedEgypt
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@MuradGhaleb, You can send me a message from my profile and I will talk to you as soon as possible.