11-2-2024 started positive, the 2nd H the market relaxed. this lead to intraday consolidation & correction. Opportunity is confirmed. Intraday Targets: 6.09, 6.19, 6.25, 6.28. Support zones: 4.84, 5.92, 5.98.
Weekly chart, the stock formed a chart pattern, the target is 1.44 then after crossing 1.50, the next target will be 1.69 Dynamic profit protection level should be considered as the price increases.
30-min chart, the stock is trading in a rising channel, testing the lower line, and may do a false break down to the SL level. After rebounding, the target will be 4.38 Stop loss below SL line.
Weekly chart, the stock is trading in the rising channel, and should cross the Pennant pattern Resistance at around 0.543 Stabilizing above 0.545 for one week with high volume, will push the price to target 0.875 Stop loss (SL) line should be considered for the rising stop loss level.
Daily chart, the stock is trying to beat the Resistance line R. Some correction may happen between 0.618 - 0.600 and rebound afterwards to test the Resistance line R. Above Resistance line R (crossing at around 0.670), the target will be 0.770 then 0.920 Stop loss below 0.600 should be considered.
1-hour chart, the stock has a high probability to cross the Resistance upwards, forming a triangle pattern, and to target 5.97 The next target will be 7.35 (pennant pattern) Below Support, targets S2, and stop loss below 4.25
Daily chart, the stock is trading in a rising widening wedge, and has a tendency to cross the long term Resistance line (RL) at around 32.7, then the target will be 38. Above the resistance line R1, the target will be 50 - (then 55 on the weekly time-frame)
Daiy chart, the stock formed chart patterns (Cup & handle - Rising Triangle) and the target will be 1.30 passing through 1.13 and 1.21 resistance levels. Stabilizing above 1.14 the target 1.60 will be activated. Technical indicator MACD is positive, while RSI is in over-bought zone; some minor correction may happen before resuming uptrend and crossing next...
Weekly chart, the stock is trading near a resistance zone, and is trying to cross 1.12-1.13 Above this level, the targets will be 1.28 and 1.38, then 1.68 extending to 1.82
Weekly chart, the stock is trading in a falling expanding triangle, with a tendency to cross the resistance line. After crossing at around 0.430, the target will be 0.530, then zigzag upwards up to 0.903 passing through the shown resistance levels. Technical indicators RSI and MACD are positive.
Daily chart, the stock has formed an expanding triangle chart pattern, and is preparing to cross the Resistance line (blue). After crossing, the target will be 11.4 Stop loss should be considered below 6.85
Daily chart, the stock (EPCO) is trading in a rising wedge, and the technical indicators RSI and MACD are reflecting a tendency to complete upwards to the resistance line (blue) - around 7.05 After crossing the resistance line up, the target will be 8.90 extending to 9.05
Daily chart, the stock is trading in a falling channel, and last candlestick completed a chart pattern triangle. the target is 0.71 The next target will be activated after crossing the channel to 0.89, then 1.15
UNIT , on the daily chart, is ready to target 4.95 Upon crossing this level with high volume, further higher targets will be seen (5.5 and 6)
1-hour chart, The Egyptian market index EGX30 is rebounding to the resistance line BLUE, from the support line RED. Above 25000, the target will be 26490, passing through the shown resistance levels. Stop loss 24400
AMOC, EGX, On daily chart, the support level is building up at 8 - 8.15 Crossing the upper channel line at 8.6 will push the stock to higher targets, 9.2, 10, 11
ABUK, EGX, on 1-hour chart: To test support level 43 - 42 before rebounding to 48. By crossing 48, the next target will be 53 Stop loss at 42 - 40 should be considered, as the stock has over-bought signals in the long term.
ATLC, on the 30-min chart, there are positive indicators RSI and MACD for reaching 4.08 Crossing the resistance level of 4.11 will push the stock to target 4.40 The stop loss level should be considered.