Weekly, 2 days, and daily timeframes are still uptrending. Unfortunately, there are some hiccups on lower timeframe. The five minute timeframe suggests that we are consolidating below red kumo. Analysis is based on Ichimoku, and Elliot waves. Confirmation is done by other indicators such as MACD, stochastic RSI, OBV, and RedK Everex. Watch the video idea to have...
the rule of thumb in the EGX30 ... buy on RUMOURS, and sell on the NEWS. Rumors started on Jan 31st, Ras Hikma project is worth 45Bn USD, and Emiraties areIN. Yesterday, the Rumors became solid fact, Egypt prime minister announced the signing of the contractual agreement live on national television. The deal is worth 35Bn USD. The USD/EGPp on investing.com...
MAKE IT OT BREAK IT ... FVG @81.8-82.1EGP is the breaking point to go long or short FOREX IS A VIRTUE COMI is THE key driver for EGX30, its weight is almost 30%, followed by the Fertilizers sector (MFPC & ABUK). When COMI outbreaks, Ferts are SHY.
Special Message from EGX 30 to COMI & MFPC:"Laissez-moi danser , chanter ... laissez moi " Bullish TK-Cross on daily Timeframe looking forward to reach 29,300 .. Turning point to start dancing Monday & Tuesday. 1.16% point will make Wednesday a brighter day. Thank you Dalida, je vais dancer Monday.
MTF, COMI ending correction & starting consolidation Price Channel 84.5 - 79.5 ; Equilibrium 81.9EGP Take position @ lower end of price channel
CIB ending correction with one green Bar on a daily timeframe. Target setting on 1 hour timeframe Market entry on 5 minutes timeframe Suggested Buy position @ 79 EGP Stop Loss @ 78 EGP Take profit @ 84.5EGP Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or...
in Correction Phase ... short erm still uptrending for mid-term & long-term investors
Technical Analysis for intraday 5/2/24 Correction & Plateau; KUMo formation is very thin. conservative outlook with 2% gain. volume 5M below average 8M Overall COMI is still uptrending, and trading above trend mid point.
the Commercial International Bank (COMI) is leading the EGX 30 with weight of 26.21% to a historical high points that was not been reached before. We can see from the chart that still having a potential rally after breaking the level of 58. However, the volumes is low and the rally to the uptrend is not as sharp as before. It is moving in an uptrend channel, not...
COMI, on the 30-min chart, I see technical signs that the stock will go down to 59 - 59.5 , then turn up to target 70.3
On the daily chart, the stock COMI is trading in a channel, with a support level 47, and the target is 58.5 after crossing 53. RSI and MACD techn. indicators are positive for uptrend. A re-test at 51 - 51.5 is OK, before crossing up. Stop loss should be considered.
BULLIISHHH As you can see here the price has passed both resistance line @ 46.58 and @ 47.96 and stablized above them both, this means that it will have a new target of 50.87 THIS IS NOT AN INVESTING ADVICE, I AM ONLY SHARING MY THOUGHTS, AND WOULD LOVE TO HEAR YOURS EGX:COMI
The main support @ 36.66 L.E Other support points around 18 L.E then 8 L.E
22/8/2021 Egx30 is performing 4 consecutive down sessions , an expected retest of 10882-10775.44 level as a pullback , however it may continue to 12026 as a wave end otherwise it retraces till 10519.6 where it may rebound
Egx100 is sitll trending , it continues its rally to target 4202.403
Egx30 retests 10917 then continues to target 12770.079
updated due to dividends today, still uptrending for fixed target 55.63 and pattern target 51.98 , best wishes