ORAS broke a long-term trend lineORAS broke a long-term trend line that had been in place since May 2024 with strong volume. Our next resistance is a significant one at 259.7. Expect the price to bounce off this resistance.
ORAS trade ideas
ORAS Stock Fundamental AnalysisORAS trend was neutral between the support line 266.851 and the resistance line 291.935, the trend was down by 0.14%. The stock rose, and broke the first support line to reach the second support line 267.905, then the third support line 268.432. It's expected to keep rising till reaching the resistance line 290.144, then 290.671, because of the CBE's decision about cutting the interest rate by 2.25% which will have a positive impact on corporates because according to the current reasons behind the economic activity decreasing interest rate will lead to decreasing the cost of borrowing which will decrease the cost of production and will increase the corporates' profit and their monetary value. On the other side, this will decrease the products' price and individuals will have a higher will to diversify their investment beside increasing their purchasing power as well.
Orascom Constr. Egypt has a "conditional" target 342.71-hour chart
The stock EGX:ORAS completed a flag chart pattern (lines S1 and S2) and is re-testing a support level at 301.25
Technical indicators RSI and MACD are showing a correction is soon
Next support is line S1 (at around 294.5) - Closing below this level, the next support will be S2 (around 272)
Trading above 308 for 2 hours, the target will be 325, and stabilizing above 325 for 3 hours, the target will be 342.7 - 343
Raise the profit protection / stop loss level as the price goes up.
ORAS: Triangle Pattern Suggests Potential Breakout
ORAS: Triangle Pattern Suggests Potential Breakout
The chart reveals a symmetrical triangle pattern, signified by the converging trendlines. This pattern suggests a potential breakout, but the direction—upward or downward—is uncertain. The VPT indicator shows a potential positive divergence which might indicate an upcoming bullish move. However, the Efforts vs Results indicator shows mixed signals, suggesting caution. The fibonacci levels, particularly the 0.618 level, are critical as they can either act as a strong resistance or support. Monitoring volume and price action near pivotal Fibonacci levels and trendlines will be crucial to anticipate the next move. Conversely, a breakdown below the lower trendline might indicate a bearish continuation. Keep an eye on the price levels and volume for confirmation.
Advanced Trading Strategies Using Multiple IndicatorsTechnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators
Introduction:
In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and decision-making.
Key Components:
1. Indicators Utilized:
- Fibonacci Retracement (Fibonacci)
- Average True Range (ATR)
- Cumulative Volume Delta
- Smart Money Concepts
- Relative Strength Index (RSI)
- Trailing Stop Loss ATR
- Ichimoku Kinko Hyo (Ichimoku)
2. Objective:
The primary goal of the strategy is to pinpoint the transition from a downtrend to an uptrend, facilitating well-timed trading decisions. By combining various technical tools, traders aim to increase the probability of successful trades.
3. Trading Philosophy:
- The emphasis on Ichimoku Kinko Hyo as a foundational element underscores the strategy's commitment to deriving signals from this powerful indicator.
- The reference to being an "Ichimokian" reflects a dedication to mastering Ichimoku strategies and principles in trading practices.
Conclusion:
By integrating a spectrum of indicators such as Fibonacci, ATR, volume analysis, RSI, and Ichimoku, traders following this methodology can gain a more holistic view of market dynamics. The utilization of these tools in conjunction with each other enhances the ability to identify optimal entry and exit points, laying a strong foundation for informed and strategic trading decisions.
This video encapsulates the essence of the educational content, offering insights into the advanced technical analysis approach advocated by the "ICHIMOKUontheNILE" community.
ORAS EL3EID :-)positive DAILY outlook
on 5M timeframe, Big Players are manipulating individual traders .
Watch the video idea for more details.
This video is educational, and not an investment proposal.
Disclaimer:
The content provided is for informational purposes only. It should not be interpreted as legal, tax, investment, financial, or any other form of advice. Investing in stocks carries inherent risks and may lead to potential losses, including the loss of principal. It's important for investors to recognize that past performance does not guarantee future returns, and market fluctuations can impact investment value. Stocks discussed here are not synonymous with, nor should they be seen as a replacement for time deposits or similar saving instruments. Investing in securities of smaller companies may involve higher risks compared to larger, more established firms, possibly resulting in substantial capital losses.
Ichimokuonthenile.
ORAS: positive outlook Targeting 340EGPTargeting 340EGP
Support 304
Resistance 319 (Bearish OB319-331EGP)
