After CBE approval raising Vodafone’s share in Basata to 20%, this will have spill over impact in share prices of 3 companies traded in the Egyptian stock market which are as follows:ETEL, BINV, and MTIE.
Technical analysis on the spill over impact on these 3 shares.
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1-hour chart, BINV should rebound from the support line to target 19.5
After crossing 19.5, the target 22.8 passing through resistance levels 20.7, 21.5
Early BUY at 18 - 18.2 (before crossing) with a stop loss level at 17.9