snour

snour Updated 

1-hour chart The stock, fell from 9.50 to 7.62, and rebounded to 8.60, then it is under minor correction in the bullish direction. A new entry Buy will be after closing above 8.40 for 2 hours, the target will be 8.70 then 9.00 Also, buying in parts from 8.30 to 8.24 is OK with a higher risk and higher profit. Consider a stop loss level below 8.23

snour

Daily chart, The Bitcoin BITSTAMP:BTCUSD has just formed a falling wedge pattern, down from the highest High 109356. Some consolidation may happen in the range 86000 to 82000. Closing above 86000 for 2 days will give a strong buy signal for a bullish movement, and the target will be 118150 passing through the shown resistance levels. Consider the Stop Loss...

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Weekly chart, The stock EGX:COMI has formed a symmetrical triangle chart pattern, and crossed the Resistance line R. One more week above R, to confirm, the target will be 104.3 - passing through several resistance levels as shown on the chart. A new entry (buy) can be made immediately before confirmation with higher risk, and consider a stop loss below...

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Weekly chart, I see a pre-formation of a widening rising wedge pattern, and the stock EGX:RAYA is preparing to go on a bullish movement towards the upper line R There is a very strong resistance level at 3.00, then resistance levels at 3.60 and 3.74 (At each resistance level, be careful with your profits!) The technical confirmation is closing 2 weeks above...

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Weekly chart, The stock EGX:ICID is trading inside a symmetrical triangle pattern between Support and Resistance lines (S and R) The technical indicator RSI can be seen as drawing the same pattern (waiting for crossing up the R RSI line as a confirmation). MACD is crossing up its signal line.. However, it is still technically negative. So, I can expect a new...

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1-hour chart, the stock EGX:MTIE is trading in a rising wedge. While this is a bearish chart pattern, we can trade between the support and resistance lines (7.60 - 8.00) for the next few weeks - or until breaking either boundaries. In case of: closing 3 hours below line S, the target will be 7.10 closing 3 hours above line R, the target will be 8.66 A...

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Daily chart, the stock EGX:DSCW broke the lower trend-line of the rising wedge pattern. So, technically this bearish movement should test the pattern target 2.15 However, there are near relatively strong support cushion at 2.45 - 2.42, then a support level at 2.24 A new entry (buy) can be made after 2 days close above 2.51 with high volume, to target 2.75 to...

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1-hour chart, the stock EGX:ARCC is trading in a channel, between support level at 22.4 and resistance level at 24.0 The technical indicators RSI, Stochastic are signalling a positive direction towards the upper line R. Closing above 24.0 for 3 hours with high volume, the next target (TP - Take Profit) will be 25.6 (Fibonacci extension to 26.6) Consider a...

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Daily chart, the stock EGX:TAQA is trading in a rising channel, the price reached the support and is supposed to rebound upwards to target the Resistance line R at around 13.25 Consider the new entry Buy above 12.25 (2 days close) for more safety, or buy in parts down to 12.0 Stop loss below 12.00 (for 2 days) should be considered. Note: Closing above the...

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1-hour chart The stock EGX:GGRN was recently rolled out in the EGX stock market, and fell sharply since then. It should be monitored for the rebound confirmation signals; to grab the new bullish wave. Above 1.25 will be a good entry. However, for higher profit/risk, buy in parts down to 1.15, then the first sell target will be 1.35 Closing above 1.35 for 3...

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30-min chart The stock EGX:MOED is trading in a falling wedge between R and S lines, and may form a bigger pennant pattern. We need a confirmation, after closing 3 candles above 0.425, then the target will be 0.469 Above 0.470 for 3 candles, the next target will be 0.520 - extended to 0.541 Consider a near stop loss - and note the important support line at 0.400

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30-min chart The stock EGX:RAYA is preparing to breakout. The next target will be 3.01 then 3.19 The MACD indicator is almost crossing positively. Current stop loss level is 2.70 Above 3.01 for 3 bars, the next target will be 3.19 then 3.25

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Daily chart, the stock EGX:ACTF formed a chart pattern (triangle), and the price penetrated the resistance line R. The target is 4.22 passing through resistance levels 3.60, 3.75 and 4.00 A re-test to line R / pivot level down to 3.40 - 3.37 may happen before the bullish movement. So, watch carefully and consider a dynamic stop loss level. MACD is...

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Weekly chart, the stock EGX:SKPC is forming of a descending triangle. Above the R line - around 19.8, the target will be 33 extending to 35 However, for a more safety, the new entry should be above the 21 level. On the long term, stabilizing above 38 for 2 weeks, the target will be 50 extending to 52 (as a chart Flag pattern can be considered) Note: Place and...

snour Updated 

Daily chart, the stock ADX:TAQA is still pushing downwards but the rate has slowed down. RSI is getting in the over-sold zone. So, I expect the rebound will start soon - may be in 2 weeks. Note the stop loss line. It is important to decide your own stop loss or profit protection level.

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Daily chart, The stock EGX:NAHO has tested the pivot axis and is supposed to re-bounce to test the upper channel (Resistance line R) at around 0.169 The technical indicators RSI and MACD are supporting this positive view. Consider a stop loss below 0.145 - 0.144

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Weekly chart, The stock ADX:BURJEEL is almost at the lowest price level historically. The least support level is 1.98 Technically speaking, below that level, the situation will be tough for even the stock maker. So, I believe, the rebound will start soon, for long-term bullish wave.

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Weekly chart, The stock EGX:ASPI is trading in an ascending broadening channel. The target is the upper resisitance line R, at around 0.395, expected in 4 months. Technical indicators RSI and MACD are supporting this positive view. Consider a near stop loss / profit protection level - as the stock is volatile.