Aih Gann analysis - Important levels
Welcome to a new analysis, and today we’re breaking down the Arabia Investments Holding stock on the Egyptian Exchange. We’ll go through the chart in detail, highlight key technical levels, and discuss potential future scenarios. 🔥
🔎 Quick Overview of the Chart
🔹 The stock is currently trading at 0.519 EGP after testing strong resistance at 0.524 EGP and slightly pulling back.
🔹 We can see that the stock is moving within a rising channel defined by the white trendlines and is attempting to hold above the lower boundary to continue its uptrend.
🎯 Key Levels on the Chart
📌 Important Resistance Levels:
✅ 0.524 EGP – A very strong level. If the stock successfully breaks above it with strong closing, we could see further upside.
✅ 0.583 EGP – A key resistance zone. Breaking above it could lead to a move toward 0.645 EGP in the medium term.
📌 Support Levels:
🛑 0.469 EGP – The nearest support level. If it gets broken, we might see a drop to 0.416 EGP.
🛑 0.416 EGP – A major support zone and a potential area for a strong rebound if a correction occurs.
🚀 Possible Scenarios
📈 Bullish Scenario (Uptrend):
If the stock stabilizes above 0.524 EGP with a strong daily close, we could see an upward move toward 0.583 EGP, followed by 0.645 EGP.
Breaking above 0.645 EGP would signal a strong bullish phase.
📉 Bearish Scenario (Downtrend):
If the stock fails to hold above 0.524 EGP, we might see a corrective move down to 0.469 EGP.
A break below 0.469 EGP could push the stock lower toward 0.416 EGP, which is a key support level for a possible bounce.
🕵️ What Should We Watch for Now?
✅ Monitor the daily closing price: If we see a strong close above 0.524 EGP with high trading volume, the stock could move higher.
✅ If a pullback happens, keep an eye on 0.469 EGP as a key support zone.
✅ The overall bullish structure remains intact as long as the stock is trading within the rising channel.
💬 What’s your take on this analysis? Do you agree or see another scenario? 👇👇 Let’s discuss in the comments!
🔎 Quick Overview of the Chart
🔹 The stock is currently trading at 0.519 EGP after testing strong resistance at 0.524 EGP and slightly pulling back.
🔹 We can see that the stock is moving within a rising channel defined by the white trendlines and is attempting to hold above the lower boundary to continue its uptrend.
🎯 Key Levels on the Chart
📌 Important Resistance Levels:
✅ 0.524 EGP – A very strong level. If the stock successfully breaks above it with strong closing, we could see further upside.
✅ 0.583 EGP – A key resistance zone. Breaking above it could lead to a move toward 0.645 EGP in the medium term.
📌 Support Levels:
🛑 0.469 EGP – The nearest support level. If it gets broken, we might see a drop to 0.416 EGP.
🛑 0.416 EGP – A major support zone and a potential area for a strong rebound if a correction occurs.
🚀 Possible Scenarios
📈 Bullish Scenario (Uptrend):
If the stock stabilizes above 0.524 EGP with a strong daily close, we could see an upward move toward 0.583 EGP, followed by 0.645 EGP.
Breaking above 0.645 EGP would signal a strong bullish phase.
📉 Bearish Scenario (Downtrend):
If the stock fails to hold above 0.524 EGP, we might see a corrective move down to 0.469 EGP.
A break below 0.469 EGP could push the stock lower toward 0.416 EGP, which is a key support level for a possible bounce.
🕵️ What Should We Watch for Now?
✅ Monitor the daily closing price: If we see a strong close above 0.524 EGP with high trading volume, the stock could move higher.
✅ If a pullback happens, keep an eye on 0.469 EGP as a key support zone.
✅ The overall bullish structure remains intact as long as the stock is trading within the rising channel.
💬 What’s your take on this analysis? Do you agree or see another scenario? 👇👇 Let’s discuss in the comments!
Note
Great Day,
Price have walked exactly as chart explained.
Congrats for following and achieving 0.58 Target.
Wish you all Good luck in trading.
Time is more important than price. When time is up price will reverse." – W. D.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Time is more important than price. When time is up price will reverse." – W. D.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.