EGX drop 1.8% and loss 9.5 billion EGP as we see EGX 30 break a support level at 10447.224 and closed the last week at 10007.500 moving towards the next support level at 9770.669 but in the last three days it begin a rebound and closed at 10235.400
EGX30 support for Head and shoulders @ 11400 Breaking 11400 will lead to 10800 Dr. Tarek Gadallah
11715 is a key point that can be a support to push up the EGX30 toward 12400, if this level breaks we can see next support level 11400 and 11120 keep watching tomorrow if level resist you can go for long keep in mind that COMI (CIB bank) now may go down to 50 levels and this will give pressure on EGYX30
egx 30🇪🇬 will go up🚀🚀🚀 to 11620 🎯 11725🎯 11769🎯 this technical analysis depend on elliote wave analysis
EGX30 today and tomorrow examine critical resistance Breaking it will lead to medium term target rebound or false break will lead probably to medium term support Dr. Tarek Gadallah
EGX30 currently test @ 11500 to 11660 This strong resistance need very good news to break it on the other hand, we can see correction in EGX30 if the index rebound from this resistance Dr. Tarek Gadallah
end correction 11281 test down trend and finish bulish crab target high up 11700
EGX 30 showing strong downtrend momentum based on simple follow back on it's short period history -look at the pervious uptrend -look at how similar to the pervious uptrend and how it ended -know how to play it. this is my prediction and not a financial advice
A true breakout today by indicated candlestick with a bigger volume , an indicated downtrending channel has been created and lower channel line represents the line of downtrend target , if reversal to occur , it must break upward by a bigger volume higher than 11240 level
22/8/2021 Egx30 is performing 4 consecutive down sessions , an expected retest of 10882-10775.44 level as a pullback , however it may continue to 12026 as a wave end otherwise it retraces till 10519.6 where it may rebound
Strong resistance 1- if we see weekly close above 10940 bulls taking the trend higher 1st target 11240 2- if we see weekly close down 10830 bears taking the trend down again 1st target 10370 Good luck every one
The main Egyptian stock index “egx30” is currently testing the resistance level at 10,840 points. Breaching the previous resistance levels and the upper boundary of the descending channel is necessary for the continuation of the rise to 12000 points. There is another chance in case the previous breach fails, which is to go back again to 10,000 points and form a...
EGX30 " Monthly with three levels of moving up support lines and monthly stop 9769 awaiting confirmation to cross the down trend since 2018 ,crossing 12000 range shall be a more confirmation for future uptrend
Hello dears Today I would like to share my idea with you about EGX30 .. weekly timeframe What I am searching for right now are three: 1. Strong candlestick with a high volume that will assure me that bulls come again 2. Breaking the descending price channel 3. Breaking the supply area By achieving the past three conditions we will see 13000 and 16000 as a...
EGX 30 still under pressure sold, this paves the road toward 9700, if this level resist, it may bounce up again, else may see 9500 waiting to reach 9700 level is highly recommended, accordingly we could put our entering plan