5M timeframe below KUMO Chikou span downward facing Rebound breaking point 119.6-120.17EGP
still up-trending Price channel 6.36-7.5 , Equilibrium 6.9EGP Red Hammer 6.78 Liq sweep 6.35 FVG 6.64
MTF, COMI ending correction & starting consolidation Price Channel 84.5 - 79.5 ; Equilibrium 81.9EGP Take position @ lower end of price channel
50% of the trading volume was @14:10 .. This is THE happy ending & game changer. detailed MTF analysis. I am already investing in ADIB, and is my first choice. I am biased toward ADIB, and have great confidence in his management & BoD.
Trading above the the bullish order block Poor daily volume Resistance + 75.20, 75.75, and 76EGP RULE of THUMB: comi breakout leads to FERTILIZERS eclipse
MTF indicating ending the correction Market structure Bull FVGs filled still some business are non-completed @90.5 EGP once crossing this price band, heading toward 105EGP
Buy Position 123 Target 134 Stop Loss 120 Risk to Reward 4.9%
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.
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...
- I see higher potential if NEDA above 3.20 - Tight stop loss is not a good idea. - I wished volume was better but sometimes bulls dont need volume to push the price higher.
Intraday Target 11.20, 11.30, 11.40 EGP Equilibrium Point is the recommended purchase price
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.
9 recommended stocks for intraday trading based on 5 minutes timeframe. you can challenge my analysis, and open to correct it good luck
Jinny Gann Grid Levels are on the Chart possible Trendlines my WAY. Jinny Gann Grid/Horizontal Lines Works as Support / Resistance. Important levels for the Big Cycle on the chart. Trade Wisely.
Complete analysis on 1D, 1-4 Hours, 30 min, 15 min, and 5 minutes timeframes. Downtrending and heading to reach 48EGP. USD/EGPp is downtrending as well.
- do your own research but I personally consider COMI a risk off. - technicals are not in favor of a continuation.
positive outlook after correction. confirmation after on complete candlestick on 15 minutes timeframe and/or 2 COMPLETE candlesticks on 5 minutes timeframe crossing 0.547 EGP +++++ CHIKOU span MUST BE ABOVE THE TRADING CANDLESTICKS TARGET 0.576EGP