Long
Egypt Looking Strong
EGPT is looking strong on the weekly chart with a breakout of from recent consolidation. A similar breakout at the beginning of this year lead higher with strong momentum. Similar pattern showing this breakout on strength.
Measured move of the recent consolidation measures about $8. Takes the target right into the $81.50 Gap.
Stop is under last weeks lows which would make this setup a bit more messy for a need to re-evaluate.
Measured move of the recent consolidation measures about $8. Takes the target right into the $81.50 Gap.
Stop is under last weeks lows which would make this setup a bit more messy for a need to re-evaluate.
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.