ASCM is showing a positive signal to go uptrend on the weekly chart First target 16.75 after crossing up 16.75, the stock will target 20, 25 The (red) moving Stop Loss Line should be monitored and considered.
AIFI is showing a high potential to jump soon to 0.39 On the 4-hour chart, the crossing up of the triangle pattern and the RSI technical indicator are supporting this idea.. The red line is the stop loss to be noted.
On 30-min chart, MPCO , EGX, is trading in a channel, until crossing up and targeting 0.89, then next target 0.92 Technical indicators RSI and MACD are showing higher possibility for going up. Stop loss at the lower channel line (around 0.82) should be considered. It is a volatile stock.
GGCC has been accumulating for 91 weeks, and finally crossed the upper line of channel. On the weekly chart, the targets are 0.56, 0.63 then 0.82 Technical indicators RSI, MACD are positive for the uptrend. Stop loss: 0.37 - (0.36 with higher risk)
GBCO (AUTO formerly), EGX, on 30-min chart has a support at 5.30 crossing 5.5 will lead to target 5.95, with sub-targets 5.7, 5.80. Crossing 5.95 will target 7
ATLC, on the 30-min chart, there are positive indicators RSI and MACD for reaching 4.08 Crossing the resistance level of 4.11 will push the stock to target 4.40 The stop loss level should be considered.
BTFH, on the 15-min chart has positive technical indicators to cross 3.18, then 3.24 The stock is targeting 3.68 on daily timeframe. Note this stock is volatile and your profit protection and stop loss levels should be considered.
EGCH, Egypt One the weekly chart, a technical pattern flag was formed, and the target is 11.3 Once we cross up this level, the stock should target 15.5 This is a medium term view in few months. Profit protection should be considered.
HRHO, Egypt On the daily chart, the technical indicators RSI and MACD are showing positive up direction. Once the stock crosses up 20.4, easy target will come 20.7 and 21.4 Above this resistance zone, we will have 25.2 in few weeks. Note 1: Stop loss at 19 should be considered - short term, and at 14 after 25% discount Note 2: The coming free stocks distribution...
On weekly chart, EGCH (KIMA) is drawing a flag pattern, once crossing up the resistance line, the stock will target 9.80 and more, in few weeks.
MBEN, on the weekly chart is showing positive movement. As long as above 2.10, targets are shown on the graph up to 2.50 on stages. Note: As this is relatively low-volume stock (with seasonal higher volume around the year), I prefer activating a STOP LOSS if closing one week below 2.00
EEII , On the weekly chart, the technical indication are positive for good uptrend. Breaking the line of 1.10, next target is 1.39, then 2.20, and more..
We had quite an impulsive run on EGX30 since summer 2022 with more than 105% gain however, nothing lasts forever :( We're due for a correction!! In the light of my elliot wave count, we should anticipate wave 4 to correct anywhere between 11 - 30%. I personally expect a 24% correction to meet the golden ratio (0.618 feb) for the retracement, with an invalidation...
Frist, we show on the top 4 Resistance lines in yellow and on the bottom one support line in green . and we show a pattern of Two heads but upside down . and the result of that, that the price of COMI Stock will increase to more than 51.000
The last day of Thursday in the stock market. Please sell today, it will be blood red. EGX:EGX30
AMOC reaches its support line in its uptrend and for buying opportunities now.
EGX30 support for Head and shoulders @ 11400 Breaking 11400 will lead to 10800 Dr. Tarek Gadallah
EGX:DOMT A Bullish potential because of inverted head and 2 shoulder