one complete Marubozo above 128.4 EGP is the driver to short term target of 135 EGP, and the the ultimate outbreak to the Golden target of 156 EGP
Buy Position 123 Target 134 Stop Loss 120 Risk to Reward 4.9%
9 recommended stocks for intraday trading based on 5 minutes timeframe. you can challenge my analysis, and open to correct it good luck
Daily chart, the stock formed a descending triangle, and pennant chart patterns, and the target is 103 Technical indicators RSI and MACD are positive, confirming this uptrend view.
- good chance that there may be a continuation for EGAL to the upside. - Volume has decreased during consolidation, which is my only con for this trade. but it may pick up during the move. -Make your decision, size accordingly, and manage risk.