Rawda
Multi timeframe analysis weekly to 5 minutesMulti timeframe analysis weekly to 5 minutes
Analysis is based on Ichimoku, and Elliot waves. Confirmation is done by other indicators such as MACD, stochastic RSI, OBV, and RedK Everex.
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EGX: Bearish Market SentimentsThe shadow of RAS Hikma transaction on the construction sector was superb; however, process industries sector, and USD-base revenue companies lead the sharp fall.
3-4 days to recover based on ghosting the Bars pattern.
in the mean time, FLOATING is the QUEEN.
FORTY EIGHT is the jack of all spades.
words of wisdom: he is no fool who gave up what he cant afford to keep to gain what he can never imagine to lose.
Ras Hikma impact on EGX30the rule of thumb in the EGX30 ... buy on RUMOURS, and sell on the NEWS.
Rumors started on Jan 31st, Ras Hikma project is worth 45Bn USD, and Emiraties areIN.
Yesterday, the Rumors became solid fact, Egypt prime minister announced the signing of the contractual agreement live on national television.
The deal is worth 35Bn USD.
The USD/EGPp on investing.com dropped almost 19%.
However, the market sentiment is the key success factor for every single stock.
A repeat scenario of January 31st probabilities are above average.