If you wish to analyze the index using traditional Japanese candles and Heikin-Ashi candles, and compare that using Bollinger Bands, Elliott Waves, Fibonacci series, and Ichimoku Kinko Hyo indicators. And you want to conduct the analysis on various time frames including daily, hourly, and every five minutes to discover the confluence between these indicators, you...
- EGX100 is down around 27% from its high. - Today it hit a very important level, the 200 day MA which was tested before on March 2023, and also if we measure the fib level, we find that it retraced to a 50% level. - This also occurs while EGX30 hitting its 200 day MA as well. - Now we can never know for sure if this bottom or not, but we can be prepared for...
TMG have showed positive signals during the previous sets. So, we are waiting it to correct backward to the golden zone, to get long with a but entry. TP are marked with blue.
EGX30 Possible Scenarios : 1. Bullish scenario following the blue lines. 2. bearish scenario following the black lines.
Is CCAP the Sultan of Short-Term Swagger: the Master of Market Mysteries? The recent trading activity of CCAP, including its importance of the 5EGP level in analyzing the impact of the debt swap rumors that led to a stock price crash, is critically relevant. Notably, CCAP trading was halted for the first hour on Thursday due to negative perceptions about the...
Weekly chart, the stock is trading in a channel that has the support line (S2) since June 2022. Another minor support line is S1 and a probable one S3 I think it will go to 2.30 then sideways before rebounding and touching the resistance line R in 7 - 8 months. Below 2.30 the next support (line S3) is around 1.49 Note: be careful with this stock!
**Technical Analysis of LCSW** LCSW has recently been observed consolidating after closing 10 successive Heikin Ashi red candlesticks. A significant shift in market behavior was noted at a critical level of 17.42 EGP, which represented a major change in character. This was followed by a Market Structure Break at 18.9 EGP, moving upwards to a bullish Market...
The Challenges of Stop Loss Orders: Lessons from CCAP's Volatile Stock Performance Stop loss orders are not foolproof due to several inherent limitations, one of which includes the potential for rapid and unexpected market movements. For example, the stock of CCAP has demonstrated this limitation distinctly; on three separate occasions, CCAP's stock price hit...
The Challenges of Stop Loss Orders: Lessons from CCAP's Volatile Stock Performance Stop loss orders are not foolproof due to several inherent limitations, one of which includes the potential for rapid and unexpected market movements. For example, the stock of CCAP has demonstrated this limitation distinctly; on three separate occasions, CCAP's stock price hit...
CCAP's Financial Odyssey: From Spectacular Profits to Exotic Management Buyouts and the Intrigues of Debt Conversion In the remarkable year of 2023, CCAP pulled a rabbit out of its financial hat by generating a profit of EGP 6.523 billion, a stark leap from the previous year's EGP 1.256 billion, marking a stunning 419% growth. The pièce de résistance was the last...
Weekly chart, the stock is likely forming a broadening pattern. The price may test the lower support line at 4.50 - 4.40 Trading in this situation is not recommended as this pattern indicates uncertainty of the longer term direction..
Using different time frames and indicators is a key aspect of a well-rounded trading strategy. By analyzing an asset across various time frames, traders can identify larger trends and shorter-term price action. Higher time frames provide a broader context, while lower time frames offer more detailed data on potential entry and exit points. Combining technical...
Technical Trading Analysis Report: Chart Analysis: The day's trading session concluded with a strong green bar displaying a notable long wick, as the market index tested the neckline of a head and shoulders pattern. Notably, today's session marks the 10th consecutive session since the index's recent peak. Price action indicates a traditional candlestick price of...
Navigating Market Dynamics: Insights from Ichimoku Kinko Hyo Technical Analysis The in-depth technical analysis underscores a significant transformation in market dynamics, with indications pointing towards a potential continuation of the downward trend. The emergence of a downward cross below the Kumo cloud, coupled with the deviation from the prior bullish...
EGX30 has sustained a downward trend for eight consecutive days, marked by prominent long red Heikin Ashi bars. This pattern has recently shifted to a red doji, hinting at a potential market reversal due to the apparent indecision among both buyers and sellers. Moreover, the trading volume has dwindled, dipping below the 26-day Exponential Moving Average (EMA),...
Analysis of EGX30 Performance on H1 Time Frame The EGX30 results appear promising on initial examination. However, it is important to note that the Simple Moving Average (SMA) over 200 days is currently at 23,900 EGP. This level is critical, as it is required to motivate market makers to begin repurchasing their hedges. As long as the index remains above(Weeklly...
On a daily time frame, the EGX30 index remains bearish with low volume and value being evident. The average value per hour is around 450 million. There is a notable difference between the traditional candlestick chart and the Heikin Ashi chart, primarily due to the specific calculation method of Heikin Ashi (Holcomb divided by 4). Looking closer at the one-hour...
Forecast of EGX30 till July, expecting pullback from 24-23K level