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.
The Bebining & the ending of the trading day was outstanding. CCAP outbreak is exceptional
MTF, COMI ending correction & starting consolidation Price Channel 84.5 - 79.5 ; Equilibrium 81.9EGP Take position @ lower end of price channel
1H timeframe Target to continue the outbreak 28,411 - 28,785, and final destination 29,688. If $ parralel rate drops excpect to reach 27,925 Points (1.69%)
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...
COMI, MFPC, ABUK, ALCN, AMOC, SKPC, BINV, EGCH, & sugar are the main drivers for the fall. Traders' sentiment is to trade in strong balance sheets with solid fixed assets as well as avoiding trading in MYX:REVENUE stocks. EGX30 is heading toward 26,600 points to end this correction or the correction will end as soon as FLOATING the EGP.
positive outlook on all terms. targeting 3.55 then 3.7 EGP
still consolidating... Defensive industries are the sole Winners such as Pharmaceuticals, Real State development, and/or food. Losers are USD hedge , High Net Debt absolute vlaue, and/or High YoY debt growth companies. Basically its a defensive bullish market with strong Fixed Asset in Balance Sheet .
ALCN is listed on CASE. ALCN is currently consolidating even though it is forward trending. Combining SMART MONEY CONCEPT, FVG, and Ichimoku Kinko Hyo outlined a potential intraday trading opportunity as well as medium term. The video narrative is in Arabic language channeled toward Arabic speakers CASE traders. Disclaimer: this is not an investing proposal but a...