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
On daily chart, AIH is building a strong support at 0.36, target 0.45 soon.
Weekly chart, the stock has crossed the resistance line of the triangle pattern. Target is 0.92 passing through the shown resistance levels. Stop loss should be considered. Technical indicators RSI and MACD are supporting this view.
great opportiunity pentration down trend plus penetration triangle entry point 0.372 target 0.69 stop loss 0.30
#AIH analysis this chart very strong supported by 4 pattern inverted head $shoulers/ double bottom /shark pattern / break down channal entry in green zone stop loss 0.29 EGP target 51 EGP then red zone
First Target is 0.536EGP as we are having a strong resistance there, so we can sell half and try to catch the 2nd target of 0.573EGP (that's the highest point in the downtrend started 14 Dec.), The risk/reward ratio is 0.8-0.85 that's why i see it risky, but why not!! you can paper-trade it anyway to see the results and regret or celebrate later xD My Analysis...
RSI will be above 70 and the run will be to 2 easily
As Most of outperforming stocks that face critical trading region Breaking 0.536 L.E will lead to 0.3 L.E Breaking 0.77 will lead to 0.9 L.E