Ascm Important Levels
Hello Dear Traders,
- Important Levels
On the Chart "Horizontal Lines" Based on Gann Square of 9
Works as Support/Resistance. Watch for Price action around those levels
- Jinny Gann Grid
- Vertical lines works as time lines. Expect Reversal around them.
For Today
Support : 38.38 - 38.75
Resistance :40.85 Then 43.047
Wish you Good Luck Trading.
- Important Levels
On the Chart "Horizontal Lines" Based on Gann Square of 9
Works as Support/Resistance. Watch for Price action around those levels
- Jinny Gann Grid
- Vertical lines works as time lines. Expect Reversal around them.
For Today
Support : 38.38 - 38.75
Resistance :40.85 Then 43.047
Wish you Good Luck Trading.
Trade active
Price Double bottomed at 32
🟡 Key Observations:
1️⃣ Price Testing 390° Level (~32.78 EGP)
The stock is hovering near this support level.
If it holds, we could see a bounce back towards 34.72 EGP (360° level).
If it breaks down, the next major support is at 30.89 EGP (420° level), marked with a yellow star.
2️⃣ Strong Support at 30.89 EGP
This is a key level to watch.
If the price reaches it, a potential reversal could happen.
3️⃣ Resistance at 34.72 EGP (360° Level)
A breakout above could trigger a move to 36.71 EGP (330° level) or even 38.76 EGP (300° level).
4️⃣ RSI Shows Weak Momentum
Current RSI: 42.99, below neutral (50), meaning bearish momentum is still dominant.
RSI-based MA: 31.11, indicating potential oversold conditions.
Recent "Bear" and "Bull" signals suggest RSI is in a consolidation phase.
📊 Possible Scenarios:
🔹 Bullish Case:
If the price holds 32.78 EGP, expect a retest of 34.72 EGP (resistance).
Breaking 34.72 EGP could trigger a move to 36.71 EGP or higher.
🔻 Bearish Case:
A break below 32.78 EGP could lead to 30.89 EGP, a major support zone.
If 30.89 EGP fails, further downside could follow.
💡 Conclusion:
The stock is at a critical Gann level. Traders should watch 32.78 EGP closely. If it holds, there’s room for upside. If it breaks, 30.89 EGP will be the next target.
🚀 What’s your plan? Are you watching for a bounce or waiting for a breakdown?
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.