Probabilities of the next possible weekly movementIn the weekly term, the price moves between two deterministic ranges.
The upper area is characterized by imbalance and is also a supply area, while the area below the price is an imbalance area.
The price probabilities in the event of a decline or rise are clearly visible on the chart
Technical indicators support the potential upward trend.
The next movement of the investor, more than the speculator, requires patience or speculation on the fluctuation that occurs.
pivot point is 102.0
Good luck everyone
Expected upward trendThe uptrend is supported by the ascending triangle and EMA 100 indicators .
The green areas above and below the price are areas of order block, imbalance, and monthly liquidity.
Good Luck For All
Ismailia Poultry targets 12.1 then 13.9 after crossing 9.5Daily chart, the stock is trading between support level 8.6 and resistance level at 9.5
Closing above 9.5 for 2 days, will push the price to the shown resistance levels.
Consider a stop loss below 8.6, and raise the level as the price goes up for profit protection.
Technical indicator MACD shows a consolidation in this range is still going on.
EMFD has targets 4.76, 5.13 and 5.35On the weekly chart, EMFD is pushing to cross the resistance line. Above 4.17, the targets will be 4.76, 5.13 and 5.35
RSI and MACD are positive upwards
Stop loss at 3.79 should be considered
Concrete Fashion (Arafa) positively on uptrendWeekly chart, the technical indicators MACD and RSI are supporting the uptrend of the stock.
There are resistance levels at 0.83 and 0.91
The target is 0.98 - 1.00 after crossing 0.91
Consider a near stop loss below 0.72
Note: Low volume trading on the daily time-frame.
Delta Sugar, Egypt, has a potential to 90'sDaily chart, the stock EGX:SUGR is trying to beat the resistance level at 73.7
2 days closing above 74, the target will be 89.9 then 96.4 extending to 99.8
The support line S should be considered for the near stop loss level for the daily time-frame.
Currently at 70.5
Technical indicators RSI and MACD are supporting this bullish view.
iron is black goldstand in 4.58
t1 .... 4.87
t2 .... 5
st 4.58 with close
support 4.16 ///4.14
volume is less
Ezz Steel (ESRS) formed a chart pattern, to target 94.9Daily chart, ESRS stock formed a bullish chart pattern (descending triangle), and the target is 94.9, extending to 110.6 (Fibonacci extension)
Technical indicators RSI and MACD are positive.
Madinet MASR targets 5.7 after the breakoutDaily chart, the stock EGX:MASR is expected to rebound from the support line S to hit the resistance line R at around 4.57 - 4.56
Immediate stop loss below S (4.22)
Another bullish setup will be triggered after crossing the dashed line R1, and closing above 4.70 for 2 days, the target will be 5.6 - 5.7 passing through a resistance level at 5.2
Note : Be careful with the profit protection / stop loss levels.
EL shams "ELSH" EGXAt the moment the Stock in sweeping liquidity in the FVG area and will hit the last HH
EFG Hermes Egypt will target 27, then 30 and 33.3Daily chart, the stock EGX:HRHO is forming a rising wedge pattern (Between R and S2), where the support line S2 should be carefully monitored. A Stop Loss below line S2 should be considered.
Below S2, the probability will be high to fall to S1
The technical indicators RSI and MACD are in favor of bullish movement; which should be targeting the upper resistance line R at around 27.0
Above R for 2 days, the price will target 30 and 33.3
Egytrans is preparing to target 4.60 soonDaily chart, the stock EGX:ETRS dropped from 4.84 to 4.10 and renounced to 4.30
The technical indicators RSI and MACD are telling the price will soon go to 4.50 extendable to 4.60
Note that 4.36 level is a resistance and there may be some fluctuation around this level; before resuming upwards.
Stop loss below 4.25 should be considered
EGASIt is clear that trading is in a direction of momentum. Targets are marked on the chart and may take some time. EGX:EGAS
Credit Agricole should target 25.8 in few weeksDaily chart, the stock EGX:CIEB is trading in a rising pattern (expanding triangle), and I am expecting the price will go upwards to hit the resistance line R at around 25.8 passing through the shown resistance levels.
The technical indicators RSI and MACD are signalling a soon bullish rally.
The Stop Loss line SL should be monitored
HRHO to ATH- For a ticker like HRHO with all its outstanding shares to be holding like that may be signaling
a continuation to the upside towards ATH.
- trade it on a breakout or buy it now with a clear risk defined.
- Im being asked to give a price to where it will go but I lost my crystal ball.
- Size according to your risk tolerance, there is no certainty in trading.
Arab Moltaka, Egypt has a high potential to reach 2.65 soon1-hour chart, the stock EGX:AMIA is forming a chart pattern, and is supposed to hit the upper line at around 2.65 within few days.
Resistance levels at 2.47 and 2.55
Technical indicators RSI and MACD are supporting this view.
Stop loss should be considered below 2.31
"Marseilia Egyptian Gulf" Stock (MAAL) Analysis Based on SKThis analysis is based on the SK Strategy, focusing on corrective price patterns like ABC and Fibonacci retracement levels to identify support and resistance. Currently, the stock is trading at 3.09 EGP, with a correction pattern indicating potential upward movement towards 3.60-3.70 EGP. The 2.99 EGP (78.6% Fibonacci level) acts as support, while breaking below 2.98 EGP might signal further declines.
Zahraa Maadi Egypt : A quick trade opportunity1-hour chart, the stock EGX:ZMID is preparing to rebound from the lower channel line R.
The target should be the upper line (around 7.6) passing through some resistance levels.
Technical indicator RSI is supporting this view.
Stop loss below 7.05 should be considered.
Arab Developers, Egypt - A new Entry / Opportunity after REBOUNDDaily chart, the stock EGX:ARAB has been falling badly. The pattern is showing a possibility for 2 rebound levels: 0.352 and 0.326
Technical indicators:
RSI is near a BUY zone.
MACD is signalling a down movement.
So, a new entry should be after the clear rebound.
Be careful with this stock!
Lift Slab Egypt has a strong potential to hit resistance at 0.44Weekly chart, the stock EGX:EDBM is trading in a rising channel, and the technical indicators MACD and RSI are showing the strong potential to target the resistance line R at around 0.44
(Used Heikin Ashi candlesticks to remove noise)
Stop loss below 0.295 should be considered.
PHDC to target 4.33 after crossing 3.52Monthly chart,
PHDC targets 4.33 after crossing the resistance line at 3.52
A very long term target is 9.35 after crossing the 5.0 resistance (high of April 2018)
Stop loss 2.8 should be considered
Maridive Egypt has a potential to rebound & target 0.432, 0.450Daily chart, the stock EGX:MOIL is trading in a flag chart pattern inside an expanding triangle.
I see the price has a high probability to rebound to resistance line R1 from the support zone 0.375 - 0.371, then the target will be blue line R2 (around 0.408 - 0.405)
Above R2, the targets are shown on chart.
Note: New entry should be after clear rebound.
Stop loss below 0.370 should be considered.
