Daily chart, the stock EGX:SPMD is trading in a rising channel, and the technical indicator MACD is positive. I see the stock is preparing to break out the resistance (upper channel line R) to target 0.47 Trading above 0.47 for 2 days will activate the targets up to 0.60 Consider stop loss below 0.36
1-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
Small Cap Stocks AMEX:SPSM AMEX:IWM are ready to make some big moves. Take a look at this chart AMEX:XLG Mega Cap and the AMEX:SPY The S&P 500 have both broke near term resistance an imply a move upwards. AMEX:SPMD Mid Cap and AMEX:SPSM AMEX:IWM Small Cap stocks should follow. Lead Lag.
NEXT MARKET MOVE UP TO 2024 At the bold black line, a major area
I favor the bull outcome in green, in which the solid white line acts as support for the double bottom However I have also plotted a bear outcome in red where price breaks down within the channel and continues This situation is where the double bottom fails Lets see what happens on this daily chart
NEXT MARKET MOVE UP TO 2023 At the bold black line, a major area, At the orange line, a sub area WE CAN UPDATE AFTER BROKEN