- While the whole market is trending with no questions asked, ECAP is still hanging where a great R:R exists. - But, it in fact went up a lot from high 18 to high 23.
- A beaten down ticker is not that attractive until the market says so. - it is still hanging around a good entry area. - the upside short term may be limited to 0.50 to 1 pound of gain (aka 7). However OBRI has a history of being highly volatile, do we get that during the coming months?
Rapid change with almost certain assistance from its parent company What happened during the past period is like a miracle. The company transformed after the first quarter results showed huge losses and embezzlement charges that resulted in restructuring. After the distribution of closed dividends per share was suspended at 0.75 until liquidity was available, and...
- Consolidation after an impulsive move with a resistance around 3.08 - Breakout from this level can send it to 3.20 - 3.30 (3.40 or higher if the market keeps its momentum) - find a good entry and set a stoploss with a good R:R. -Size only to your comfort level because its all mere probability.
- Probably the best looking chart at the moment in the market. - market needs to be bullish for this trade to work. - its hanging now around a good R:R. - We have a gap on the monthly around the 16.40. Once we break the 14 area, we may get an impulsive move towards the gap.
Ebeco Company is one of the leading pharmaceutical companies in Egypt, with a long history of manufacturing and exporting medicines. Over the past two years, the company has benefited from therapeutic supply contracts to African countries through the United Nations and the African Union, which has led to significant growth in its revenues and profits. Negative...
- EGX100 is down around 27% from its high. - Today it hit a very important level, the 200 day MA which was tested before on March 2023, and also if we measure the fib level, we find that it retraced to a 50% level. - This also occurs while EGX30 hitting its 200 day MA as well. - Now we can never know for sure if this bottom or not, but we can be prepared for...
- Market keeps rejecting 10800 level. and sellers seem to be taking control. - A lot of stocks already into bearish setups. - Noone can ever predict the price accurately all the time so Im going to keep it simple. * Bellow 9800 market is a risk off. with a handful of tickers can hold their levels. * wait for bullish reversal confirmation before entering any...
- Finally after the market shook off all the prophets of doom who were calling for a market correction the bullish trend is continuing its course. - OIH is highly liquid stock but the chart seems to be setting for a revisit of the ATH. - Entry area is the current range. - There is a good R:R so no need to have a tight stoploss.
- I am buying above 7.20 - chart is a bit overextended on the monthly, so I am not expecting a larger move, but I am still considering it. - I see potential for 7.70s/8/ 8.60 (maybe). - Let's bank.
- I see higher potential if NEDA above 3.20 - Tight stop loss is not a good idea. - I wished volume was better but sometimes bulls dont need volume to push the price higher.
- My entry area is marked in green - Trendline resistance @ 13.50 area - Breakout of this trendline can send it to 14.80 area. - Watch out 'cause AMOC likes to do liquidity grab, so give it space to move.
Its in a buying area around 0.190s/0.200 high probability for an impulsive move
make your own decision. widen your risk as it has volatility and get fearful at 19 but leave runners.
- probably still has a daily 5% ceiling. - It may consolidate in the channel. -Good entry is probably around 7.40-7.80 - Make your own decision, size accordingly and manage risk.
High probability trade on ABUK with potential target at 107 and 118. Probability 70%
It has a probability of a good uptrend imo. the trade requires good risk management and patience.
- EGX30 came near the 60% Fib level and it was due to a pullback. - It cant stay overbought for too long and a healthy pullback was necessary. - In my opinion, it can stay in a range for a couple of weeks and its a good opportunity to add more shares to winning trades. - In case the market decides to pullback more than the range. stop losses for each trades...