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EGX30

EGX30 Rally , Buy the Dip !we can know that it's trending up just by looking at HH and HL, we also know that the down wave is just a correction in an up trend so we can predict the end of the correction by several things, especially price behavior, and its behaving as a fractal to the previous corrective wave, in this case, we can be sure that a continuation to the upside is nearby, this market behavior is typical we see it all the time in trending markets, you don't have to be an expert to know that EGX30 is gonna go up and the Egyptian stock market going to start the rally in a matter of days, Enjoy ,,
EGX:EGX30Long
by ShoeIsRich
1
COMI in rally leading the EGX 30the Commercial International Bank (COMI) is leading the EGX 30 with weight of 26.21% to a historical high points that was not been reached before. We can see from the chart that still having a potential rally after breaking the level of 58. However, the volumes is low and the rally to the uptrend is not as sharp as before. It is moving in an uptrend channel, not that perfect, but giving a close view in the short term. It is expected to continue in it's direction reaching new levels around 75. on the other hand, if the stock returned below the 58, it will fall dramatically to the next level around 47.5, and may continue to 40. According to the economical data and the current situation in the region, specially the war in Gaza, we can not say that or predict the time that we can say that the EGX30 reached it's peak, so I recommend the investors to keep in consideration the risk ratio and distribute the portfolio on several stocks with a suitable risk management.
EGX:COMILong
by Joseph_Rofael
The Final Stretch for EGX30Since my last update, the EGX30 has precisely followed the narrative and wave counts. Right now we are headed to finalize wave 5 of the impulse. In the light of the escalating geopolitical tensions and the 2024 elections taking place in December 2023, there is a possibility for wave 5 to be much shorter than anticipated. Personally, I hope we break the 21000 EGP level first where I am taking profit on all my positions, but I am considering a soft stop loss around 17K and a hard stop loss at 15K.
EGX:EGX30Long
by amourification
egx30The Egyptian Stock Exchange has not risen since its summit in 2008. A real motive rise has returned.. only a corrective sideways rise, and it must drop strongly in the shaded area in order to end all weakness and gather itself to make a strong motive rise like what happened between 2002 to 2008 Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look Good luck
EGX:EGX30Short
by KhaldHegazy
$EGX:ESRS EGX:ESRS The uptrend started from the bottom of last October at a price of 13.02, then hit the 90-degree angle at a price of 17.63. The stock then rebounded from the 45-degree sub-angle and resumed its rise. The 90-degree angle was broken, making it the best buying area. The target of the uptrend cycle was 31.45, which is the 360-degree angle that the stock achieved and rebounded from. Then it resumed its rise to enter a new uptrend cycle, whose first targets were the 450-degree angle that the stock achieved early on. It continued its early rise to achieve two new targets, which are the 540 and 630 angles continuously. All this early rise supports the stock’s decline downwards, which happened, then the stock resumed its rise to complete its cycle. The stock broke the 450-degree angle at a price of 36.06 upwards, which is the best buying area when broken. The rest of the targets and supports are shown in the drawing. The success of this pattern depends on the stock staying within the channel and not breaking the angle downwards and achieving its targets on time. The information and publications are not intended to be or constitute any financial, investment, commercial or other types of advice or recommendations provided.
EGX:ESRSLong
by xxehab5xx
A Painful Q2 for EGX?We had quite an impulsive run on EGX30 since summer 2022 with more than 105% gain however, nothing lasts forever :( We're due for a correction!! In the light of my elliot wave count, we should anticipate wave 4 to correct anywhere between 11 - 30%. I personally expect a 24% correction to meet the golden ratio (0.618 feb) for the retracement, with an invalidation below 12700. Generally, wave 4 is where everyone gets frustrated and we can easily see this happening with the current overall sentiment in Egypt hitting seriously low levels while inflation skyrockets and fears of further devaluation of the EGP builds up. This won't last long however. If my forecasts were correct, we should be over by May or June, and those who kept their patience and built positions during the correction will profit without a doubt. Let's see where we will go :)
EGX:EGX30Short
by amourification