ESRS is likely continuing its bullflag with fib levels as potential targets.
Daily chart, ESRS stock formed a bullish chart pattern (descending triangle), and the target is 94.9, extending to 110.6 (Fibonacci extension) Technical indicators RSI and MACD are positive.
As we can see. If it Crossing. 82. It will confirm. The attack of the final goal. 120.
support and resistance lines.. horizontal lines are Support/Resistance . Vertical lines are time pivots . Appreciate your Comments. GL Gann fans .
EGX:ESRS The uptrend started from the bottom of last October at a price of 13.02, then hit the 90-degree angle at a price of 17.63. The stock then rebounded from the 45-degree sub-angle and resumed its rise. The 90-degree angle was broken, making it the best buying area. The target of the uptrend cycle was 31.45, which is the 360-degree angle that the stock...
Ezz Fadel Steel has a small last rise before the large drop of the strong support area below, as shown in the shaded area, and this will be a large gathering area for a large annual rise later
NEXT MARKET MOVE UP TO 2023 At the bold black line, a major area, At the orange line, a sub area WE CAN UPDATE AFTER BROKEN
The momentum and the technical shows that it will go down to 14.25 egp as I think, and if it crossover it it probably go more down this is for the short term (1h and 4h chart) .This is not a financial advice. It's just my opinion. Thanks
expected reversal if it didn't break the 11EGP level, it may reach the ~8EGP Level
For daily and Swings traders, Ezz steel is in a downtrend pattern facing many resistances downward, can be a short-selling opportunity for the short-term but once it crossed up 12.40EGP target it can be reversed to an uptrend, but for now it is a downtrend for a while
the EZZ steal in a downtrend. the strong support at 3.25L.E the Stock overload, RSI in daily frame show less than 14 the target will be 5.00 LE