30-min chart, the stock is trading in a triangle and testing the support line S.30.
We should see a rebound to the resistance line S.30
It is tight for a new entry - until we have a direction confirmation.
Stop loss below 4.40 should be considered.
30-min chart, ISMQ is trading in a triangle, where the price is in the midway and the direction is downwards to the support line S.30
We should have a direction confirmation before a new buy entry.
Crossing above R.30, will push the price to 5.25
Stop loss below 4.60
30-min chart, the stock is trading in a rising channel, and tested the support S30 (30-min support line).
The movement should be towards the resistance R30 line, touching at around 3.16
Crossing R30 line, the target should be 3.42 - 3.46 (depending on crossing point)
Stop loss below 2.85
Daily chart, the stock has positive signs that it will cross the Resistance line R soon, then the target will be 0.423 after beating the next resistance line R1
Closing above R1 for 2 days will push the price towards 0.560
Stop loss below SL line 0.315
Daily chart, the stock is trying to beat a tough (cluster) resistance zone. Crossing this zone, and closing 2 days above 32.5 will activate the target 39.0
Resistance cluster zone: Resistance line R1 (blue) + Long term RL (dashed green)
Stop loss to be considered below S1 line.
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.
30-min chart, the stock is trading in a tough zone; there are 2 strong Resistance levels 4.84 and 5.19
So, be careful with this stock; as it flips quickly!
Closing and trading 3 candlesticks above 5.21 will activate the target of 6.04, then 6.20
Stop loss below 4.68 - should be considered.
1-hour chart, the stock is trading inside a rising channel.
Breakout (crossing upwards), the target will be crossing price + 0.38
Breakdown (crossing downwards), the target will be crossing price - 0.38
Be careful with this stock - it flips up and down quickly!
Daily chart, I am expecting some zigzag trading inside this triangle pattern between R and S lines.
Positively, the price is still inside the last green candlestick.
After crossing R, the target will be 6.25 then 7.35
Below S, stop loss
11-2-2024 started positive, the 2nd H the market relaxed.
this lead to intraday consolidation & correction.
Opportunity is confirmed.
Intraday Targets: 6.09, 6.19, 6.25, 6.28.
Support zones: 4.84, 5.92, 5.98.
Weekly chart, the stock formed a chart pattern, the target is 1.44 then after crossing 1.50, the next target will be 1.69
Dynamic profit protection level should be considered as the price increases.
30-min chart, the stock is trading in a rising channel, testing the lower line, and may do a false break down to the SL level.
After rebounding, the target will be 4.38
Stop loss below SL line.
Weekly chart, the stock is trading in the rising channel, and should cross the Pennant pattern Resistance at around 0.543
Stabilizing above 0.545 for one week with high volume, will push the price to target 0.875
Stop loss (SL) line should be considered for the rising stop loss level.
Daily chart, the stock is trying to beat the Resistance line R.
Some correction may happen between 0.618 - 0.600 and rebound afterwards to test the Resistance line R.
Above Resistance line R (crossing at around 0.670), the target will be 0.770 then 0.920
Stop loss below 0.600 should be considered.
1-hour chart, the stock has a high probability to cross the Resistance upwards, forming a triangle pattern, and to target 5.97
The next target will be 7.35 (pennant pattern)
Below Support, targets S2, and stop loss below 4.25
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)
Daiy chart, the stock formed chart patterns (Cup & handle - Rising Triangle) and the target will be 1.30 passing through 1.13 and 1.21 resistance levels.
Stabilizing above 1.14 the target 1.60 will be activated.
Technical indicator MACD is positive, while RSI is in over-bought zone; some minor correction may happen before resuming uptrend and crossing next...
