EFG broke its trend line.EFG broke its trend line. Expect a correction to 27, possibly to 24.4 if it passes 27 with strong volume.
EFGD trade ideas
EFG Hermes Egypt will target 27, then 30 and 33.3Daily chart, the stock EGX:HRHO is forming a rising wedge pattern (Between R and S2), where the support line S2 should be carefully monitored. A Stop Loss below line S2 should be considered.
Below S2, the probability will be high to fall to S1
The technical indicators RSI and MACD are in favor of bullish movement; which should be targeting the upper resistance line R at around 27.0
Above R for 2 days, the price will target 30 and 33.3
HRHO to ATH- For a ticker like HRHO with all its outstanding shares to be holding like that may be signaling
a continuation to the upside towards ATH.
- trade it on a breakout or buy it now with a clear risk defined.
- Im being asked to give a price to where it will go but I lost my crystal ball.
- Size according to your risk tolerance, there is no certainty in trading.
HRHO, to target 16.8 in 2 weeksHRHO, is going to high over-sold area, and the technical indicators are telling the stock is targeting 16.6 then 16.8 soon.
This is a 30-min chart technical analysis.
Stop-loss at 15.60 should be considered for this time frame reference.
On the bigger time frame, I have a forecast for 20% up in 2 months.
HRHO, EGX, To target 21.4 , 25.2 in few weeksHRHO, Egypt
On the daily chart, the technical indicators RSI and MACD are showing positive up direction.
Once the stock crosses up 20.4, easy target will come 20.7 and 21.4
Above this resistance zone, we will have 25.2 in few weeks.
Note 1: Stop loss at 19 should be considered - short term, and at 14 after 25% discount
Note 2: The coming free stocks distribution will affect the prices. But, this stock will most probably discount and then rebound quickly.
The correctional rally is about to endThe upward correction of wave C is about to end, from which another large decline will begin
NEXT MARKET MOVE UP TO 2023NEXT 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
Next major move in 2021Next major move for HRHO is long TP1 TP2 TP3 TP4 and SL On chart good luck everyone
