Two scenarios for bullish and bearish outlook are shown in the chart. Wait for price action at potential reversal zone
Weekly, 2 days, and daily timeframes are still uptrending. Unfortunately, there are some hiccups on lower timeframe. The five minute timeframe suggests that we are consolidating below red kumo. Analysis is based on Ichimoku, and Elliot waves. Confirmation is done by other indicators such as MACD, stochastic RSI, OBV, and RedK Everex. Watch the video idea to have...
5 Indicators : LUXALGO a-Adaptive MACD b- MACD based price forcasting DGT: a-Price Action Support & resistance b- ˜Dual Supertrends REDKTRADER a-REDK EVEREX Narrative is in Arabic
the rule of thumb in the EGX30 ... buy on RUMOURS, and sell on the NEWS. Rumors started on Jan 31st, Ras Hikma project is worth 45Bn USD, and Emiraties areIN. Yesterday, the Rumors became solid fact, Egypt prime minister announced the signing of the contractual agreement live on national television. The deal is worth 35Bn USD. The USD/EGPp on investing.com...
MAKE IT OT BREAK IT ... FVG @81.8-82.1EGP is the breaking point to go long or short FOREX IS A VIRTUE COMI is THE key driver for EGX30, its weight is almost 30%, followed by the Fertilizers sector (MFPC & ABUK). When COMI outbreaks, Ferts are SHY.
MTF, COMI ending correction & starting consolidation Price Channel 84.5 - 79.5 ; Equilibrium 81.9EGP Take position @ lower end of price channel
CIB ending correction with one green Bar on a daily timeframe. Target setting on 1 hour timeframe Market entry on 5 minutes timeframe Suggested Buy position @ 79 EGP Stop Loss @ 78 EGP Take profit @ 84.5EGP Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or...
- do your own research but I personally consider COMI a risk off. - technicals are not in favor of a continuation.
in Correction Phase ... short erm still uptrending for mid-term & long-term investors
Technical Analysis for intraday 5/2/24 Correction & Plateau; KUMo formation is very thin. conservative outlook with 2% gain. volume 5M below average 8M Overall COMI is still uptrending, and trading above trend mid point.
Seizing intraday opportunity based on Smart Money Integrated with Ichimoku Kinko Hyo + FVG. The narrative is channeled toward Arabic speakers trading in CASE. Disclaimer: My analysis is not an investment proposal; Please consult your Investment Advisor and/or your Wealth Manager for your investment decisions.
As we can see after end of correction of Elliot waves, tomorrow will be critical for the target of 100egp
Weekly chart, the stock is forming a parabolic pattern, to target 100 after crossing 87 BE CAREFUL: Stop loss level should be raised at every up movement.
DOOOOM LONG term... support and resistance lines.. horizontal lines are Support/Resistance . Vertical lines are time pivots . Appreciate your Comments. GL
the Commercial International Bank (COMI) is leading the EGX 30 with weight of 26.21% to a historical high points that was not been reached before. We can see from the chart that still having a potential rally after breaking the level of 58. However, the volumes is low and the rally to the uptrend is not as sharp as before. It is moving in an uptrend channel, not...
COMI, on the 30-min chart, I see technical signs that the stock will go down to 59 - 59.5 , then turn up to target 70.3
I recommend to start selling this stock is about to fall from my tech pov