E-Finance for Digital and Financial Investments (EGX) - Potentia
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**E-Finance for Digital and Financial Investments (EGX) - Potential Reversal Setup**
📉 **Technical Analysis:**
The stock has been in a strong downtrend, forming a falling wedge pattern, which is typically a bullish reversal signal. Currently, the price is testing a key support level, and a breakout above the trendline could indicate the beginning of an upward move.
📌 **Trade Plan:**
- **Entry:** Upon confirmation of a breakout and close above the trendline.
- **Stop Loss:** Below recent lows to minimize risk.
- **Target Levels (3 Stages):**
1️⃣ **First Target:** Near the next resistance level (previous support).
2️⃣ **Second Target:** Around the mid-range resistance zone.
3️⃣ **Final Target:** At the major resistance level from previous highs.
📊 **Indicators & Confirmation:**
- Price is near a strong demand zone.
- Potential bullish divergence in volume/momentum indicators.
- Watching for confirmation from moving averages.
🚀 **Final Thought:**
A successful breakout could provide a great risk-to-reward opportunity. Always manage risk and adjust targets accordingly!
#Trading #StockMarket #TechnicalAnalysis #EGX
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You can tweak this based on your exact targets and trading style. not financial advice ! 🚀
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**E-Finance for Digital and Financial Investments (EGX) - Potential Reversal Setup**
📉 **Technical Analysis:**
The stock has been in a strong downtrend, forming a falling wedge pattern, which is typically a bullish reversal signal. Currently, the price is testing a key support level, and a breakout above the trendline could indicate the beginning of an upward move.
📌 **Trade Plan:**
- **Entry:** Upon confirmation of a breakout and close above the trendline.
- **Stop Loss:** Below recent lows to minimize risk.
- **Target Levels (3 Stages):**
1️⃣ **First Target:** Near the next resistance level (previous support).
2️⃣ **Second Target:** Around the mid-range resistance zone.
3️⃣ **Final Target:** At the major resistance level from previous highs.
📊 **Indicators & Confirmation:**
- Price is near a strong demand zone.
- Potential bullish divergence in volume/momentum indicators.
- Watching for confirmation from moving averages.
🚀 **Final Thought:**
A successful breakout could provide a great risk-to-reward opportunity. Always manage risk and adjust targets accordingly!
#Trading #StockMarket #TechnicalAnalysis #EGX
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You can tweak this based on your exact targets and trading style. not financial advice ! 🚀
Note
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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.
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.