EGX30: Accumulation Phase didn't end yet ....EGX30: Accumulation Phase didn't end yet.
$ & Value Stock will lead.
SUGR
SUGAR is sweetwww.tradingview.com
White Sugar price increase will lead to the breakout of local Delta sugar price.
Long position is foreseen
check the analysis to determine whether it suits you
MFPC & ABUK will lead the EGX30Urea & White sugar prices increased in the commodities market; this price increase will flirt with the bullish fertilizers sect of the EGX. ABUK & MFPC will lead EGX30 to the 30K Bar.
SUGAR is TAILGAITING
Delta Sugar is targeting 95 then 113Daily chart, Delta Sugar, Egypt, has formed a triangle chart pattern and the target is 95.
The next target is 113 after the clear crossing of 96
Below the support line (red), stop loss should be considered.
RSI and MACD are positive.
Delta Sugar Support around 8 L.E
Resistance zone 8.95 : 9.1 L.E
Breaking resistance zone will lead to 10.9 L.E
Breaking Support zone will lead to 7.0 L.E
Dr. Tarek Gadallah
