Arabian Cement : Opportunity after breakout - Target 14Daily chart, the stock EGX:ARCC is trading in a descending channel, and a long flag chart pattern may be completed.
After crossing the Resistance line R, the target will be 12.
Closing above 11.3 for 2 days, the target will be 14 extending to 14.5
A new buy entry should be safer above 11.5 with the stop loss below 11.1
For an immediate entry, the Stop loss below SL line at 10.8 should be considered.
Egx
Lecico Egypt has a potential to re-hit Resistance line at 29.2Daily chart
The stock is trading in a broadening pattern (mainly between lines R and S); and the next level is 25.6
Above this resistance , the next targets will be 27.3, 28.0 and 29.2
The technical indicators RSI and MACD are supporting this view.
Consider the stop loss below 22.6 - And raise the protection level as the price goes up.
Obour Land is preparing to breakout - to 23Daily chart, the stock EGX:OLFI is preparing to beat the resistance line R and breakout.
Closing above resistance line R for 2 days (above 16), the target will be 19, then 23
Technical indicator MACD is positive, and RSI is near over-bought (so some minor correction may happen around the breakout level.
Consider stop loss below the line S or below 14.1
Ismailia Poultry targets 12.1 then 13.9 after crossing 9.5Daily chart, the stock is trading between support level 8.6 and resistance level at 9.5
Closing above 9.5 for 2 days, will push the price to the shown resistance levels.
Consider a stop loss below 8.6, and raise the level as the price goes up for profit protection.
Technical indicator MACD shows a consolidation in this range is still going on.
Concrete Fashion (Arafa) positively on uptrendWeekly chart, the technical indicators MACD and RSI are supporting the uptrend of the stock.
There are resistance levels at 0.83 and 0.91
The target is 0.98 - 1.00 after crossing 0.91
Consider a near stop loss below 0.72
Note: Low volume trading on the daily time-frame.
Delta Sugar, Egypt, has a potential to 90'sDaily chart, the stock EGX:SUGR is trying to beat the resistance level at 73.7
2 days closing above 74, the target will be 89.9 then 96.4 extending to 99.8
The support line S should be considered for the near stop loss level for the daily time-frame.
Currently at 70.5
Technical indicators RSI and MACD are supporting this bullish view.
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.
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.
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