ElSwedy Electric (SWDY) should target 38 then 50 and 55Daily chart, the stock is trading in a rising widening wedge, and has a tendency to cross the long term Resistance line (RL) at around 32.7, then the target will be 38.
Above the resistance line R1, the target will be 50 - (then 55 on the weekly time-frame)
Egx
AMOC to target 14.4 after crossing resistanceDaily chart, AMOC is trading in a descending channel, and it seems a chart pattern will be formed - a flag / inside a triangle.
After crossing the resistance (at 10.35 - 10.4), the target will be 12 and 12.6 , then some correction may happen at 12.6 before reaching the target 14.4
Stop loss below 9.6 to be considered.
EHDR should target 0.450, then 0.625Weekly chart, the stock is trading in a falling expanding triangle, with a tendency to cross the resistance line.
After crossing at around 0.430, the target will be 0.530, then zigzag upwards up to 0.903 passing through the shown resistance levels.
Technical indicators RSI and MACD are positive.
ISMQ, Egypt, is on a critical price level !30-min chart,
I chose this "little" time-frame to see intra-day sentiments. This is not for opening new positions. Be careful!
Higher probability for testing the support (red) line, then rebound upwards; as the technical indicator Stochastic RSI is 0, and the volume is decreasing with price decrease.
After crossing the resistance (blue) line, the target will be 4.33
But below support, it is 2.37
Egyptian Poultry should target 7.05, (then 8.90 after crossing)Daily chart, the stock (EPCO) is trading in a rising wedge, and the technical indicators RSI and MACD are reflecting a tendency to complete upwards to the resistance line (blue) - around 7.05
After crossing the resistance line up, the target will be 8.90 extending to 9.05
SPMD should rebound and target 0.655 after beating resistance1-hour chart, the stock (Speed Medical, Egypt) is trading in a falling expanding wedge pattern, and is getting into technical indicator RSI buy area.
The Ichimoku chart signals a change to up-movement.
So, the higher probability is a rebound to the resistance line. After crossing up, the target will be 0.655
Can Fanar Contracting (FNAR) make the unexpected rally to 2.45?1-hour chart,
Note: Using Heikin Ashi candlesticks because of the low volume - and this is not suitable for daily trading.
Fanar Contracting (FNAR) seems trying to rebound to test resistance. The target is 2.10
After crossing the resistance, the longer-term target will be 2.45
Tech. indicators RSI and MACD are positive. However, the low trading volume decreases the accuracy.
Sidi Kerir Petrochemicals (SKPC) should target 37.7Daily chart, the stock SKPC has been trading in an expanding triangle since May 2023, and it is trending upwards - as supported by the positive MACD and RSI indicators.
Targets are 32, 34, then 37.7
For daily trader, the stop loss below 28.5 should be considered.
OIH needs some bullish power to rebound and beat resistance1-hour chart, OIH needs a quick rebound - otherwise a correction will happen to 0.374 extendable to 0.362
New buy entry above 0.405
Above resistance (BLUE line), the target will be 0.512 extendable to 0.521
RSI is positive, in the buy area.
MACD is negative: downwards is highly possible.
Will AT Lease (ATLC) stock beat resistance and cross 5.4 soon ?1-hour chart,
AT Lease (ATLC) is showing positive signs that the rebound will continue to first resistance (around 5.38). After crossing 5.40, the target will be 6.26
Technical indicators: RSI is positive, MACD is preparing to cross up..
EXPA to target 22.8 after crossing resistance lineDaily chart,
EXPA to target 22.8 after crossing the resistance line (blue) at 18.7 - 18.6
Stop loss at 17.2
The second scenario , breaking the stop loss level, the target will be the support line (red), and a new BUY can be done, to target the resistance blue line up (rebound trading)