Ezz Steel (ESRS) formed a chart pattern, to target 94.9Daily chart, ESRS stock formed a bullish chart pattern (descending triangle), and the target is 94.9, extending to 110.6 (Fibonacci extension)
Technical indicators RSI and MACD are positive.
Egx
Madinet MASR targets 5.7 after the breakoutDaily chart, the stock EGX:MASR is expected to rebound from the support line S to hit the resistance line R at around 4.57 - 4.56
Immediate stop loss below S (4.22)
Another bullish setup will be triggered after crossing the dashed line R1, and closing above 4.70 for 2 days, the target will be 5.6 - 5.7 passing through a resistance level at 5.2
Note : Be careful with the profit protection / stop loss levels.
EFG Hermes Egypt will target 27, then 30 and 33.3Daily chart, the stock EGX:HRHO is forming a rising wedge pattern (Between R and S2), where the support line S2 should be carefully monitored. A Stop Loss below line S2 should be considered.
Below S2, the probability will be high to fall to S1
The technical indicators RSI and MACD are in favor of bullish movement; which should be targeting the upper resistance line R at around 27.0
Above R for 2 days, the price will target 30 and 33.3
Egytrans is preparing to target 4.60 soonDaily chart, the stock EGX:ETRS dropped from 4.84 to 4.10 and renounced to 4.30
The technical indicators RSI and MACD are telling the price will soon go to 4.50 extendable to 4.60
Note that 4.36 level is a resistance and there may be some fluctuation around this level; before resuming upwards.
Stop loss below 4.25 should be considered
Credit Agricole should target 25.8 in few weeksDaily chart, the stock EGX:CIEB is trading in a rising pattern (expanding triangle), and I am expecting the price will go upwards to hit the resistance line R at around 25.8 passing through the shown resistance levels.
The technical indicators RSI and MACD are signalling a soon bullish rally.
The Stop Loss line SL should be monitored
Arab Moltaka, Egypt has a high potential to reach 2.65 soon1-hour chart, the stock EGX:AMIA is forming a chart pattern, and is supposed to hit the upper line at around 2.65 within few days.
Resistance levels at 2.47 and 2.55
Technical indicators RSI and MACD are supporting this view.
Stop loss should be considered below 2.31
Zahraa Maadi Egypt : A quick trade opportunity1-hour chart, the stock EGX:ZMID is preparing to rebound from the lower channel line R.
The target should be the upper line (around 7.6) passing through some resistance levels.
Technical indicator RSI is supporting this view.
Stop loss below 7.05 should be considered.
Arab Developers, Egypt - A new Entry / Opportunity after REBOUNDDaily chart, the stock EGX:ARAB has been falling badly. The pattern is showing a possibility for 2 rebound levels: 0.352 and 0.326
Technical indicators:
RSI is near a BUY zone.
MACD is signalling a down movement.
So, a new entry should be after the clear rebound.
Be careful with this stock!
Lift Slab Egypt has a strong potential to hit resistance at 0.44Weekly chart, the stock EGX:EDBM is trading in a rising channel, and the technical indicators MACD and RSI are showing the strong potential to target the resistance line R at around 0.44
(Used Heikin Ashi candlesticks to remove noise)
Stop loss below 0.295 should be considered.
PHDC to target 4.33 after crossing 3.52Monthly chart,
PHDC targets 4.33 after crossing the resistance line at 3.52
A very long term target is 9.35 after crossing the 5.0 resistance (high of April 2018)
Stop loss 2.8 should be considered
Maridive Egypt has a potential to rebound & target 0.432, 0.450Daily chart, the stock EGX:MOIL is trading in a flag chart pattern inside an expanding triangle.
I see the price has a high probability to rebound to resistance line R1 from the support zone 0.375 - 0.371, then the target will be blue line R2 (around 0.408 - 0.405)
Above R2, the targets are shown on chart.
Note: New entry should be after clear rebound.
Stop loss below 0.370 should be considered.
Sidi Kerir Egypt is preparing to go uptrendDaily chart, the stock EGX:SKPC has formed 2 patterns: symmetrical triangle and cup.
After crossing resistance line R around 30 - 31, the target will be 36 then 40
The technical indicators RSI and MACD on the weekly time-frame are signalling an uptrend.
Stop loss below 28 should be considered.
Speed Medical Egypt has a potential to 0.60Daily chart, the stock EGX:SPMD is trading in a rising channel, and the technical indicator MACD is positive.
I see the stock is preparing to break out the resistance (upper channel line R) to target 0.47
Trading above 0.47 for 2 days will activate the targets up to 0.60
Consider stop loss below 0.36
Kima Egypt should target 11Daily chart, the stock EGX:EGCH is preparing to cross the resistance zone 9.1 - 9.2
Trading above 9.2 for 2 days, the target will be 11 then 11.6 passing through a resistance zone at 10
MACD indicator is positive.
Stop loss below 8.8 should be considered.
Ataqa should target 4.7 then 5.2Daily chart, after the breakout of the horizontal channel, the stock EGX:ATQA should have a pull-back, and prepare to continue upwards to target 4.7 then 5.2
The technical indicator MACD is positive.
Stop loss below 4.15
Egyptian Kuwaiti is preparing for a nice breakoutDaily chart, the stock EGX:EKHOA is drawing a chart pattern, where the targets up to 41 and 44 will be activated after crossing the resistance zone 31 - 32
The technical indicators RSI and MACD are supporting this view.
Consider a stop loss below 29.5 - 29
Talaat Mostafa TMG is challenging!Daily chart, the stock EGX:TMGH is trading in a symmetrical triangle (for the last 72 candles). The orange dashed line is pivotal - Above 56, the price will go up to test the upper triangle's edge. Otherwise, the price will test the lower edge.
Should consider a stop loss below 55
Technical indicators RSI and MACD are almost neutral.
So, direction should be confirmed first, for the new entry.
The targets are shown on the chart are after crossing the resistance line R, and trading above it with high volume for 2 days.
Misr Fertilizers (MOPCO) has a potential to 54Weekly chart, the stock EGX:MFPC was pumped to the 70's then dropped sharply to 35.
It has started a rebound, expected to 51, then 54
Stabilizing for 2 weeks with high volume trading above 55, the target will be 66 - 68
Be careful, the stop loss should be considered as near as possible.
Asek Mining to target 75 then 94 - long termWeekly chart, the stock EGX:ASCM is trying to beat the resistance line R1 in the long pennant pattern.
Technical indicators MACD and RSI are positively signalling a formation of an uptrend.
Stabilizing above 45 for 2 weeks, the price should target 75 extendable to 94, a s a long term target.
Note the stop loss and profit protection levels - Raise as the price goes up!
El Arabia Engineering (EEII,EGX): uptrend to 1.8 then 2 and 2.5Weekly chart, the stock EGX:EEII is supposed to continue trading in the rising channel and test the resistance line at around 1.80
Trading for 2 weeks above 1.80, the target will be 2.50 - 2.55 passing through a resistance zone at 2.00 - 2.10
Technical indicators MACD and RSI are supporting this positive view.
Note: Stop loss below 1.24, and to be raised along with the rising price.
OLFI In a rising waveAmong the evidence that the chart shows is that there is an upcoming upward wave, and the current level is at 14
ADPC Profits jump 193% and the stock will rise to 3.4The stock continued to rise to the 2.20 level in a very significant way and soon returned to the 2.06 level and it became support. During the current two weeks, the stock is likely to test the 2.15 level, followed by 2.20, 2.45, 2.60, 2.9, and 3.10.
NAHO (Naeem, Egypt) is seen on a long-term uptrendWeekly chart,
The stock (in USD) has a long term uptrend opportunity - targeting 0.200 and 0.220, provided that the price stabilizes above 0.165 for 2 weeks.
MACD indicator is supporting this positive view.
Note: For the next week, consider the stop loss (SL) level below 0.148 for 2 weeks. Then, raise the SL level as the price goes up.
Note: Heikin Ashi chart is used to give a better trend indicator.
