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...
Weekly chart, the stock is trading near a resistance zone, and is trying to cross 1.12-1.13 Above this level, the targets will be 1.28 and 1.38, then 1.68 extending to 1.82
Weekly chart, the stock is trading in a falling expanding triangle, with a tendency to cross the resistance line. After crossing at around 0.430, the target will be 0.530, then zigzag upwards up to 0.903 passing through the shown resistance levels. Technical indicators RSI and MACD are positive.
Daily chart, the stock has formed an expanding triangle chart pattern, and is preparing to cross the Resistance line (blue). After crossing, the target will be 11.4 Stop loss should be considered below 6.85
Daily chart, the stock (EPCO) is trading in a rising wedge, and the technical indicators RSI and MACD are reflecting a tendency to complete upwards to the resistance line (blue) - around 7.05 After crossing the resistance line up, the target will be 8.90 extending to 9.05
Daily chart, the stock is trading in a falling channel, and last candlestick completed a chart pattern triangle. the target is 0.71 The next target will be activated after crossing the channel to 0.89, then 1.15
UNIT , on the daily chart, is ready to target 4.95 Upon crossing this level with high volume, further higher targets will be seen (5.5 and 6)
1-hour chart, The Egyptian market index EGX30 is rebounding to the resistance line BLUE, from the support line RED. Above 25000, the target will be 26490, passing through the shown resistance levels. Stop loss 24400
AMOC, EGX, On daily chart, the support level is building up at 8 - 8.15 Crossing the upper channel line at 8.6 will push the stock to higher targets, 9.2, 10, 11
ABUK, EGX, on 1-hour chart: To test support level 43 - 42 before rebounding to 48. By crossing 48, the next target will be 53 Stop loss at 42 - 40 should be considered, as the stock has over-bought signals in the long term.
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.
Entry 0.774 or 0.769 Stop Loss 0.765 This a reaction for EGX30 recent rejections
BTFH, on the daily chart, is targeting a 4.7 level in the short-term. A re-test at upper channel line is OK before heading to the target. Further higher targets to come after passing this level.
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...
Banks and Economic analysts predict another upcoming devaluation for the EGP. I predict it will fall in value relative to USD by 14%, as the gold prices in Egypt are 14% higher than the global market.
According to my analysis to EGX30. I see that its about to collapse more than 60% and its targeting 6173. My analysis depends on : Supply and Demand Fibonacci Idea fails after making a new HIGH NOT A FINANCIAL ADVICE