After CBE approval raising Vodafone’s share in Basata to 20%, this will have spill over impact in share prices of 3 companies traded in the Egyptian stock market which are as follows:ETEL, BINV, and MTIE. Technical analysis on the spill over impact on these 3 shares. t.me
Gravity is virtue, but not for Hi-Rollers & desperates. it's a Market maker game; be smart investor
MAKE IT OT BREAK IT ... FVG @81.8-82.1EGP is the breaking point to go long or short FOREX IS A VIRTUE COMI is THE key driver for EGX30, its weight is almost 30%, followed by the Fertilizers sector (MFPC & ABUK). When COMI outbreaks, Ferts are SHY.
Buyers' confidence that MPCO reached its bottom price @74.6 -74.9, will lead to the upswing
one complete Marubozo above 128.4 EGP is the driver to short term target of 135 EGP, and the the ultimate outbreak to the Golden target of 156 EGP
one complete Marubozo on daily timeframe will make my day @24.5 EGP will lead to a breakout toward the all-time high
Special Message from EGX 30 to COMI & MFPC:"Laissez-moi danser , chanter ... laissez moi " Bullish TK-Cross on daily Timeframe looking forward to reach 29,300 .. Turning point to start dancing Monday & Tuesday. 1.16% point will make Wednesday a brighter day. Thank you Dalida, je vais dancer Monday.
positive outlook, with 3X average volume. heading for the touchdown.
5M timeframe below KUMO Chikou span downward facing Rebound breaking point 119.6-120.17EGP
still up-trending Price channel 6.36-7.5 , Equilibrium 6.9EGP Red Hammer 6.78 Liq sweep 6.35 FVG 6.64
MTF, COMI ending correction & starting consolidation Price Channel 84.5 - 79.5 ; Equilibrium 81.9EGP Take position @ lower end of price channel
50% of the trading volume was @14:10 .. This is THE happy ending & game changer. detailed MTF analysis. I am already investing in ADIB, and is my first choice. I am biased toward ADIB, and have great confidence in his management & BoD.
Trading above the the bullish order block Poor daily volume Resistance + 75.20, 75.75, and 76EGP RULE of THUMB: comi breakout leads to FERTILIZERS eclipse
MTF indicating ending the correction Market structure Bull FVGs filled still some business are non-completed @90.5 EGP once crossing this price band, heading toward 105EGP
11-2-2024 started positive, the 2nd H the market relaxed. this lead to intraday consolidation & correction. Opportunity is confirmed. Intraday Targets: 6.09, 6.19, 6.25, 6.28. Support zones: 4.84, 5.92, 5.98.
1H timeframe Target to continue the outbreak 28,411 - 28,785, and final destination 29,688. If $ parralel rate drops excpect to reach 27,925 Points (1.69%)
CIB ending correction with one green Bar on a daily timeframe. Target setting on 1 hour timeframe Market entry on 5 minutes timeframe Suggested Buy position @ 79 EGP Stop Loss @ 78 EGP Take profit @ 84.5EGP Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or...
Intraday Target 11.20, 11.30, 11.40 EGP Equilibrium Point is the recommended purchase price