1-hour chart, the stock (Speed Medical, Egypt) is trading in a falling expanding wedge pattern, and is getting into technical indicator RSI buy area.
The Ichimoku chart signals a change to up-movement.
So, the higher probability is a rebound to the resistance line. After crossing up, the target will be 0.655
The Ichimoku chart signals a change to up-movement.
So, the higher probability is a rebound to the resistance line. After crossing up, the target will be 0.655
Trade active
Exactly.. tested the resistance line. We need some more power to cross up.Trade active
The stock crossed the resistance line, then a re-test back should happen before going upwards to the target
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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.