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snour

ElSwedy Electric (SWDY) should target 38 then 50 and 55

Long
ELSWEDY ELECTRIC (EGX_DLY:SWDY)  
snour Updated   
EGX_DLY:SWDY   ELSWEDY ELECTRIC
Trend Analysis Chart Patterns SWDY egx egypt uptrend
9
0
trendanalysis chartpattern swdy egx egypt uptrend
Daily chart, the stock is trading in a rising widening wedge, and has a tendency to cross the long term Resistance line (RL) at around 32.7, then the target will be 38.

Above the resistance line R1, the target will be 50 - (then 55 on the weekly time-frame)
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