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Egx

Misr Cement Qena should target 29.5 then 36.0 and 38.0Daily chart, the stock EGX:MCQE has formed a triangle chart pattern, and the target is 36.0 then 38.0 29.5 and 32.9 are resistance levels. Technical indicator MACD is positive and crossed its signal line. RSI is showing a probability to have a minor correction before resuming the bullish movement. Closing below 26.5 - 26.0 for 2 days should be a stop loss level on the daily time frame. Note : New buy entry after 28.8 (2 days close) or around the support zone 26.5 - 26.0
EGX:MCQELong
by snour
NEDA Egypt should target 3.65 then 4.25Daily chart, the stock EGX:NEDA formed a pennant chart pattern and is forming another smaller pattern. I am expecting some minor correction and consolidation around 3.10 Then, a bullish movement towards the resistance line R, at around 3.64 - 3.67 Stabilizing for 2 days above 3.70, will push the price to the next target 4.25 Note the resistance levels at 3.27, 3.44 , 3.56 (Closing below 3.10 for 2 days should be considered a near stop loss level)
EGX:NEDALong
by snour
COMI Egypt can exceed 104 in 6 monthsWeekly chart, The stock EGX:COMI has formed a symmetrical triangle chart pattern, and crossed the Resistance line R. One more week above R, to confirm, the target will be 104.3 - passing through several resistance levels as shown on the chart. A new entry (buy) can be made immediately before confirmation with higher risk, and consider a stop loss below 76.0 Technical indicators RSI and MACD are positive. NOTE: Keep a near Profit Protection/ Stop Loss level.
EGX:COMILong
by snour
RAYA Egypt may go bullish towards 5.30 !Weekly chart, I see a pre-formation of a widening rising wedge pattern, and the stock EGX:RAYA is preparing to go on a bullish movement towards the upper line R There is a very strong resistance level at 3.00, then resistance levels at 3.60 and 3.74 (At each resistance level, be careful with your profits!) The technical confirmation is closing 2 weeks above 2.45 for a new entry (buy) Long Term Targets 4.00, 4.30, 4.50, 5.00, 5.30 Note: Stop Loss should be considered below 2.30 - 2.27
EGX:RAYALong
by snour
2
ICID Egypt - A bullish long-term patternWeekly chart, The stock EGX:ICID is trading inside a symmetrical triangle pattern between Support and Resistance lines (S and R) The technical indicator RSI can be seen as drawing the same pattern (waiting for crossing up the R RSI line as a confirmation). MACD is crossing up its signal line.. However, it is still technically negative. So, I can expect a new bullish movement towards the Resistance line (at around 4.45) Crossing up the R line and trading above it for 3 weeks - with high volume, the long term target will be 7.45 NOTE: Consider a near profit protection / stop loss level for this stock, as it is volatile and impulsive!
EGX:ICIDLong
by snour
TAQA Arabia Egypt - To target 13.2 after crossing ResistanceDaily chart, the stock EGX:TAQA is trading in a rising channel, the price reached the support and is supposed to rebound upwards to target the Resistance line R at around 13.25 Consider the new entry Buy above 12.25 (2 days close) for more safety, or buy in parts down to 12.0 Stop loss below 12.00 (for 2 days) should be considered. Note: Closing above the Resistance line R for 2 days, the next target will be 14.3 passing through resistance level at 13.5
EGX:TAQALong
by snour
Go Green Egypt: To be Monitored for Rebound!1-hour chart The stock EGX:GGRN was recently rolled out in the EGX stock market, and fell sharply since then. It should be monitored for the rebound confirmation signals; to grab the new bullish wave. Above 1.25 will be a good entry. However, for higher profit/risk, buy in parts down to 1.15, then the first sell target will be 1.35 Closing above 1.35 for 3 bars with high volume, the next target will be 1.60 Consider a near profit protection / stop loss level, as this stock is volatile.
EGX:GGRNLong
by snour
AMOC Egypt has a good trading opportunity to 8.9AMOC Egypt has a good trDaily chart The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9) Technical indicators RSI and MACD are supporting the bullish view. Closing above 9.0 for 3 days, the target will be 10.5 Closing above 10.9 for 2 weeks, the target will be 12 Below line S is considered a stop loss level, as the next down target will be 6.0 Note : Always keep a profit protection level, and raise it as the price goes up.ading opportunity to 8.9
EGX:AMOCLong
by snour
AMOC Egypt has a good trading opportunity to 8.9Daily chart The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9) Technical indicators RSI and MACD are supporting the bullish view. Closing above 9.0 for 3 days, the target will be 10.5 Closing above 10.9 for 2 weeks, the target will be 12 Below line S is considered a stop loss level, as the next down target will be 6.0 Note : Always keep a profit protection level, and raise it as the price goes up.
EGX:AMOCLong
by snour
4
Orascom Constr. Egypt has a "conditional" target 342.71-hour chart The stock EGX:ORAS completed a flag chart pattern (lines S1 and S2) and is re-testing a support level at 301.25 Technical indicators RSI and MACD are showing a correction is soon Next support is line S1 (at around 294.5) - Closing below this level, the next support will be S2 (around 272) Trading above 308 for 2 hours, the target will be 325, and stabilizing above 325 for 3 hours, the target will be 342.7 - 343 Raise the profit protection / stop loss level as the price goes up.
EGX:ORAS
by snour