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Chicago Bulls Chart Play: EGAL's Bullish Setup Echoes 1999 ChampEGAL is in the golden zone, aiming for the 61% Fibonacci retracement, mirroring the EGX70EW. A bullish TK cross could emerge next week. The mid-point of the Bollinger Band rests at the 50% Fibonacci, with the upper band at the 61%. The 50% Fibonacci level is the current hurdle, and volume is diminishing. We're poised for a rebound by Pippen, setting up a fast break to Jordan for a slam dunk, reminiscent of the Chicago Bulls' fiery championship final game in the 1999 season. Just like then, we're aiming to dominate and clinch the world championship!
EGX:EGCHLong
by ICHIMOKUontheNILE
Chart Victory: Bulls Charge as Heikin Ashi Signals Potential TK Chart Victory: Bulls Charge as Heikin Ashi Signals Potential TK Cross - A Win Like Mo Salah's Championship Goal! Despite a positive outlook being challenged by the Kumo at 3.77, PHDC is on the verge of a bullish TK cross. Buyers showed tremendous interest at 3.73, evidenced by enormous volume in the last 15 minutes before the auction, which culminated in a supersonic finish. It's reminiscent of Hakeem Olajuwon and Michael Jordan slam dunking in the NBA championship. HOOOOORRRAy!
EGX:PHDCLong
by ICHIMOKUontheNILE
DOMT Betweenincrease "EPS" and increase in volumeOn a specialized economic level, after reviewing the financial statements for the first quarter of the stock, the increase in the number of shares was marginal (in the millions) and the increase in earnings per share was also by a fraction of a penny. However, on a technical analysis level of the volume, a state of stability and exchange of shares in large quantities ("accumulation") is evident without any increase in the stock price. In other words, the chart shows us that there are accumulation operations for a full session without including holidays, especially after the last cash dividend distribution from the stock. This operation makes us wait for a strong upward movement for the stock to return to the levels of 14 Egyptian pounds during June. The stock will recover, and it is a great opportunity to achieve no less than 20% on investing in this stock. This is not advice, but an analysis. I believe that the second quarter results will be higher because the month of Ramadan, which was between March and April, disrupts a large part of the revenue from Suntech Dmetty's sales. We will notice high semi-annual statements at a high rate. Please note that this is a direct translation and does not include any additional information or interpretations
EGX:DOMTLong
by atuumra
Egyptian Drug Authority and Pharmaceutical CompaniesEbeco Company is one of the leading pharmaceutical companies in Egypt, with a long history of manufacturing and exporting medicines. Over the past two years, the company has benefited from therapeutic supply contracts to African countries through the United Nations and the African Union, which has led to significant growth in its revenues and profits. Negative Impacts: However, the company has faced some challenges in the Egyptian market over the past seven months due to the implementation of maximum price caps for medicines by the Egyptian Drug Authority. This decision has particularly affected Ebeco, as most of its profitable medicines are antibiotics and cough syrups, which are categories of medicines that have been included in the price cap. Positive Impacts: Despite these challenges, Ebeco has been able to compensate for some of its losses by expanding its operations into Central African markets through international export companies. Short-Term Outlook: In the short term, Ebeco's share price is expected to move in a trading range between 32 and 48 Egyptian pounds. This is due to investors waiting for the Egyptian Drug Authority's approval of requests from pharmaceutical companies to raise their prices. Future Scenarios: In case of approval to raise prices: Share prices of all pharmaceutical companies are expected to rise significantly, in line with the percentage allowed for price increases. This will lead to an improvement in Ebeco's financial performance and attract more investors to the stock. In case of rejection by the Egyptian Drug Authority of requests to raise prices: The scenario of a decline in the share price and a continued trading range is likely to continue until a new development occurs. The company may face further challenges in the Egyptian market, which could negatively impact its financial performance.
EGX:PHAR
by atuumra
RMDA faces strong resistance at 2.5The chart shows strong resistance for Monday at the 2.5 level that cannot be broken, and there is a lack of desire from the market maker to break this level. Support is expected at the 2.29 level. The expected scenario is that the stock will move sideways for the rest of the trading week until a "flag" is formed, after which it will break the 2.5 level and soar to the 2.8 level. This is expected to happen in August before the dividend distribution, which is expected to be 0.067 per share.
EGX:RMDALong
by atuumra
Obour Land for Food Industries (OLFI) Four next 6 MonthOver the past months, the stock has experienced a decline after it showed growth and a decline in its p/e from 9 to 7, and this should have been reflected in the price, but it was much lower. What happened was 3 years ago The pound's concerns faded against the US dollar Customs release The distribution of good profits is 0.95 piasters During the coming period, we notice the following: First, there will be a rise in the resistance levels, which are represented by 9 pounds. If he breaks it, we will go to 9.5, and then 10 to 12 to 14 pounds for sure. We expect success for everyone
EGX:OLFI
by atuumra
ZMID Zahraa Maadi Investment & DevelopmentThe stock has an imaginary support level at 5 Egyptian pounds and is currently trading in a resistance range between 6.30 and 6.5 Egyptian pounds, forming a flag pattern. If it breaks above the 6.70 Egyptian pound level during any weekly session, it could reach 7 Egyptian pounds, followed by 7.2 Egyptian pounds, 7.5 Egyptian pounds, and eventually 8 Egyptian pounds. Coincidentally, the company will be implementing decisions made at the company's general meeting after approving the distribution of dividends of 0.15 Egyptian pounds divided into two installments, as well as the distribution of free shares in August. This will likely cause the stock to fall again to half its price, reaching levels of 4 Egyptian pounds. This will create a new bottom for the stock, but remember that you will not have lost money; instead, you will have received free shares.
EGX:ZMID
by atuumra
ADPC TO THE MOON ADPC shares are expected to break through the 2 Egyptian pound level in the coming period and reach a minimum of 3.5 Egyptian pounds within the next 3 months, starting from June 2024. The third quarter of 2024 is expected to be an unprecedented growth period for the stock. The company has delivered exceptional financial performance, with unprecedented profit growth and a significant decline in the P/E ratio to 4, representing a 25% decrease. In 2023, the company achieved a 198% increase in profits, and the first quarter of 2024 saw an 89% increase in profits, bringing the total to at least 350 Egyptian pounds. This presents an excellent opportunity to enter and hold the stock for at least a year at prices that will not be repeated.
EGX:ADPCLong
by atuumra
1
EGX30, A Comprehensive AnalysisNavigating Trends: A Comprehensive Analysis of Market Indices for Enhanced Decision-Making The EGX30 is currently consolidating following a significant 9% uptrend, aligning back with the trend line. Although today's Heikin Ashi candlestick is red for the second consecutive day, it is shorter than the previous one following the 9% rally. The support at 26,950 remains crucial, while the next short-term target is 28,000. --- Introduction: In this educational video, a comprehensive technical analysis strategy is presented, emphasizing the identification of trend reversals and entry points in the market. The strategy integrates a variety of indicators and concepts to enhance trading accuracy and decision-making. Key Components: 1. Indicators Used: - Fibonacci Retracement (Fibonacci) - Average True Range (ATR) - Cumulative Volume Delta - Smart Money Concepts - Relative Strength Index (RSI) - Trailing Stop Loss ATR - Ichimoku Kinko Hyo (Ichimoku) 2. Objective: The primary aim of the strategy is to identify the shift from a downtrend to an uptrend, enabling well-timed trading decisions. By combining multiple technical tools, traders seek to improve the success rate of their trades. 3. Trading Philosophy: - The focus on Ichimoku Kinko Hyo as a core element highlights the strategy's reliance on signals from this potent indicator. - Referring to individuals as "Ichimokians" indicates a commitment to mastering Ichimoku strategies and principles in trading. Conclusion: By utilizing a range of indicators such as Fibonacci, ATR, volume analysis, RSI, and Ichimoku together, traders adhering to this approach can develop a comprehensive view of market dynamics. Employing these tools collectively enhances the ability to identify optimal entry and exit points, providing a solid basis for strategic and well-informed trading decisions. This video encapsulates the essence of the educational material, offering insights into the advanced technical analysis approach supported by the "ICHIMOKUontheNILE" community. "Disclaimer: Investing in the stock market carries inherent risks. The information provided here is for educational purposes only. It does not constitute investment advice. The content is intended to demonstrate how to interpret market indices and identify confluence points for informational purposes only. Any investment decisions made based on this content are at the individual's own risk."
EGX:MFPC
by ICHIMOKUontheNILE
EGAL 22-05-2024Technical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and decision-making. Key Components: 1. Indicators Utilized: - Fibonacci Retracement (Fibonacci) - Average True Range (ATR) - Cumulative Volume Delta - Smart Money Concepts - Relative Strength Index (RSI) - Trailing Stop Loss ATR - Ichimoku Kinko Hyo (Ichimoku) 2. Objective: The primary goal of the strategy is to pinpoint the transition from a downtrend to an uptrend, facilitating well-timed trading decisions. By combining various technical tools, traders aim to increase the probability of successful trades. 3. Trading Philosophy: - The emphasis on Ichimoku Kinko Hyo as a foundational element underscores the strategy's commitment to deriving signals from this powerful indicator. - The reference to being an "Ichimokian" reflects a dedication to mastering Ichimoku strategies and principles in trading practices. Conclusion: By integrating a spectrum of indicators such as Fibonacci, ATR, volume analysis, RSI, and Ichimoku, traders following this methodology can gain a more holistic view of market dynamics. The utilization of these tools in conjunction with each other enhances the ability to identify optimal entry and exit points, laying a strong foundation for informed and strategic trading decisions. This video encapsulates the essence of the educational content, offering insights into the advanced technical analysis approach advocated by the "ICHIMOKUontheNILE" community.
EGX:EGAL
by ICHIMOKUontheNILE
MFPC (MOPCO)22-5-2024 echnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and decision-making. Key Components: 1. Indicators Utilized: - Fibonacci Retracement (Fibonacci) - Average True Range (ATR) - Cumulative Volume Delta - Smart Money Concepts - Relative Strength Index (RSI) - Trailing Stop Loss ATR - Ichimoku Kinko Hyo (Ichimoku) 2. Objective: The primary goal of the strategy is to pinpoint the transition from a downtrend to an uptrend, facilitating well-timed trading decisions. By combining various technical tools, traders aim to increase the probability of successful trades. 3. Trading Philosophy: - The emphasis on Ichimoku Kinko Hyo as a foundational element underscores the strategy's commitment to deriving signals from this powerful indicator. - The reference to being an "Ichimokian" reflects a dedication to mastering Ichimoku strategies and principles in trading practices. Conclusion: By integrating a spectrum of indicators such as Fibonacci, ATR, volume analysis, RSI, and Ichimoku, traders following this methodology can gain a more holistic view of market dynamics. The utilization of these tools in conjunction with each other enhances the ability to identify optimal entry and exit points, laying a strong foundation for informed and strategic trading decisions. This video encapsulates the essence of the educational content, offering insights into the advanced technical analysis approach advocated by the "ICHIMOKUontheNILE" community.
EGX:MFPC
by ICHIMOKUontheNILE
ABUK 22-5-2024echnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and decision-making. Key Components: 1. Indicators Utilized: - Fibonacci Retracement (Fibonacci) - Average True Range (ATR) - Cumulative Volume Delta - Smart Money Concepts - Relative Strength Index (RSI) - Trailing Stop Loss ATR - Ichimoku Kinko Hyo (Ichimoku) 2. Objective: The primary goal of the strategy is to pinpoint the transition from a downtrend to an uptrend, facilitating well-timed trading decisions. By combining various technical tools, traders aim to increase the probability of successful trades. 3. Trading Philosophy: - The emphasis on Ichimoku Kinko Hyo as a foundational element underscores the strategy's commitment to deriving signals from this powerful indicator. - The reference to being an "Ichimokian" reflects a dedication to mastering Ichimoku strategies and principles in trading practices. Conclusion: By integrating a spectrum of indicators such as Fibonacci, ATR, volume analysis, RSI, and Ichimoku, traders following this methodology can gain a more holistic view of market dynamics. The utilization of these tools in conjunction with each other enhances the ability to identify optimal entry and exit points, laying a strong foundation for informed and strategic trading decisions. This video encapsulates the essence of the educational content, offering insights into the advanced technical analysis approach advocated by the "ICHIMOKUontheNILE" community.
EGX:ABUK
by ICHIMOKUontheNILE
Advanced Trading Strategies Using Multiple IndicatorsTechnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and decision-making. Key Components: 1. Indicators Utilized: - Fibonacci Retracement (Fibonacci) - Average True Range (ATR) - Cumulative Volume Delta - Smart Money Concepts - Relative Strength Index (RSI) - Trailing Stop Loss ATR - Ichimoku Kinko Hyo (Ichimoku) 2. Objective: The primary goal of the strategy is to pinpoint the transition from a downtrend to an uptrend, facilitating well-timed trading decisions. By combining various technical tools, traders aim to increase the probability of successful trades. 3. Trading Philosophy: - The emphasis on Ichimoku Kinko Hyo as a foundational element underscores the strategy's commitment to deriving signals from this powerful indicator. - The reference to being an "Ichimokian" reflects a dedication to mastering Ichimoku strategies and principles in trading practices. Conclusion: By integrating a spectrum of indicators such as Fibonacci, ATR, volume analysis, RSI, and Ichimoku, traders following this methodology can gain a more holistic view of market dynamics. The utilization of these tools in conjunction with each other enhances the ability to identify optimal entry and exit points, laying a strong foundation for informed and strategic trading decisions. This video encapsulates the essence of the educational content, offering insights into the advanced technical analysis approach advocated by the "ICHIMOKUontheNILE" community.
EGX:CCAPEducation
by ICHIMOKUontheNILE
Advanced Trading Strategies Using Multiple IndicatorsTechnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and decision-making. Key Components: 1. Indicators Utilized: - Fibonacci Retracement (Fibonacci) - Average True Range (ATR) - Cumulative Volume Delta - Smart Money Concepts - Relative Strength Index (RSI) - Trailing Stop Loss ATR - Ichimoku Kinko Hyo (Ichimoku) 2. Objective: The primary goal of the strategy is to pinpoint the transition from a downtrend to an uptrend, facilitating well-timed trading decisions. By combining various technical tools, traders aim to increase the probability of successful trades. 3. Trading Philosophy: - The emphasis on Ichimoku Kinko Hyo as a foundational element underscores the strategy's commitment to deriving signals from this powerful indicator. - The reference to being an "Ichimokian" reflects a dedication to mastering Ichimoku strategies and principles in trading practices. Conclusion: By integrating a spectrum of indicators such as Fibonacci, ATR, volume analysis, RSI, and Ichimoku, traders following this methodology can gain a more holistic view of market dynamics. The utilization of these tools in conjunction with each other enhances the ability to identify optimal entry and exit points, laying a strong foundation for informed and strategic trading decisions. This video encapsulates the essence of the educational content, offering insights into the advanced technical analysis approach advocated by the "ICHIMOKUontheNILE" community.
EGX:PHDCEducation
by ICHIMOKUontheNILE
Advanced Trading Strategies Using Multiple IndicatorsTechnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and decision-making. Key Components: 1. Indicators Utilized: - Fibonacci Retracement (Fibonacci) - Average True Range (ATR) - Cumulative Volume Delta - Smart Money Concepts - Relative Strength Index (RSI) - Trailing Stop Loss ATR - Ichimoku Kinko Hyo (Ichimoku) 2. Objective: The primary goal of the strategy is to pinpoint the transition from a downtrend to an uptrend, facilitating well-timed trading decisions. By combining various technical tools, traders aim to increase the probability of successful trades. 3. Trading Philosophy: - The emphasis on Ichimoku Kinko Hyo as a foundational element underscores the strategy's commitment to deriving signals from this powerful indicator. - The reference to being an "Ichimokian" reflects a dedication to mastering Ichimoku strategies and principles in trading practices. Conclusion: By integrating a spectrum of indicators such as Fibonacci, ATR, volume analysis, RSI, and Ichimoku, traders following this methodology can gain a more holistic view of market dynamics. The utilization of these tools in conjunction with each other enhances the ability to identify optimal entry and exit points, laying a strong foundation for informed and strategic trading decisions. This video encapsulates the essence of the educational content, offering insights into the advanced technical analysis approach advocated by the "ICHIMOKUontheNILE" community.
EGX:ORASEducation
by ICHIMOKUontheNILE
Advanced Trading Strategies Using Multiple IndicatorsTechnical Analysis Report: Advanced Trading Strategies Using Multiple Indicators Introduction: In this educational video, a comprehensive approach to technical analysis is presented, focusing on the identification of trend reversals and entry points in the market. The strategy incorporates a diverse set of indicators and concepts to enhance trading precision and decision-making. Key Components: 1. Indicators Utilized: - Fibonacci Retracement (Fibonacci) - Average True Range (ATR) - Cumulative Volume Delta - Smart Money Concepts - Relative Strength Index (RSI) - Trailing Stop Loss ATR - Ichimoku Kinko Hyo (Ichimoku) 2. Objective: The primary goal of the strategy is to pinpoint the transition from a downtrend to an uptrend, facilitating well-timed trading decisions. By combining various technical tools, traders aim to increase the probability of successful trades. 3. Trading Philosophy: - The emphasis on Ichimoku Kinko Hyo as a foundational element underscores the strategy's commitment to deriving signals from this powerful indicator. - The reference to being an "Ichimokian" reflects a dedication to mastering Ichimoku strategies and principles in trading practices. Conclusion: By integrating a spectrum of indicators such as Fibonacci, ATR, volume analysis, RSI, and Ichimoku, traders following this methodology can gain a more holistic view of market dynamics. The utilization of these tools in conjunction with each other enhances the ability to identify optimal entry and exit points, laying a strong foundation for informed and strategic trading decisions. This video encapsulates the essence of the educational content, offering insights into the advanced technical analysis approach advocated by the "ICHIMOKUontheNILE" community.
EGX:EKHOAEducation
by ICHIMOKUontheNILE
JUFO Technical Stock Analysis: Mastering Key Indicators **Current Stock Status:** - **Symbol:** JUFO (part of the EGX30 index) - **Recent Movement:** JUFO has experienced three consecutive trading days of rising prices coupled with declining volume. - **Average True Range (ATR):** Both price and volume ATR are on an upward trend, signaling heightened market volatility. **Recent Performance Metrics:** - **12-Day Uptrend:** JUFO has maintained an upward trajectory over the past twelve trading days. - **Volume Trends:** The last three days have seen a decline in trading volume despite rising prices, suggesting a potential reduction in buying pressure. **Ichimoku Cloud Technicals:** - **Bullish Tenkan-sen/Kijun-sen Crossover:** The stock is nearing a bullish crossover of the Tenkan-sen (TK) and Kijun-sen (K) lines, indicative of possible upward momentum. - **Relative to Kumo:** Presently, JUFO is trading below the red Kumo cloud, reflecting an overall bearish sentiment. - **Recent Candlestick Position:** The latest candlestick has closed above the TK line, a promising signal for an imminent breakout. - **Chikou Span Analysis:** The Chikou Span (lagging line) is projected to intersect the current price level at approximately 4.57% higher, a critical indicator for confirming bullish momentum. **Fibonacci Projection Insights:** - **Projection Range:** From a low of 12.55 EGP to a high of 16.73 EGP. - **Current Level:** The latest candlestick is testing the 78% Fibonacci retracement level at 15.83 EGP. - **Kumo Cloud Proximity:** JUFO is around 23% away from the thin Kumo cloud, which is about 4% thick, suggesting a relatively easier breakthrough if bullish momentum persists. **Heikin Ashi Candle Analysis:** - **Recent Bar:** The latest Heikin Ashi candlestick shows a solid green bar with a short wick, indicative of strong bullish sentiment. - **Candlestick Metrics:** The total length, including the wick, represents a 4.17% increase, with the wick accounting for approximately 1.2% of this rise. **Key Indicators:** 1. **Bullish Signals:** - Imminent bullish TK crossover and favorable Chikou Span positioning. - Recent candlestick closure above the TK line hints at potential upward movement. 2. **Warning Signs:** - Declining volume over the past three days, despite rising prices, could signify weakening bullish momentum. - Being positioned below the Kumo cloud suggests a prevailing bearish environment, warranting cautious trading. 3. **Crucial Levels to Monitor:** - **Volume Patterns:** Watch for increases to confirm sustained buying interest. - **78% Fibonacci Level (15.83 EGP):** A decisive break above this threshold could pave the way for further gains. - **Kumo Cloud Resistance:** Close observation of the thin cloud approximately 23% above the current price is essential. - **Chikou Span Interaction:** The Chikou Span's engagement with the price in subsequent sessions will be pivotal in affirming the trend. **Conclusion:** The mixed technical signals and critical resistance levels imply a notable possibility of consolidation or even a trend reversal for JUFO. Declining volume amidst rising prices is a clear cautionary signal. The stock’s current position below the Kumo cloud and the challenge of surpassing the 78% Fibonacci level add layers of uncertainty. A potential rally in JUFO over the next five trading sessions is contingent on volume confirmation and surpassing key resistance points. To reliably forecast the continuation of the uptrend, it's crucial to monitor: - An increase in trading volume to confirm ongoing buying interest. - A robust break above the 78% Fibonacci retracement level and the thin Kumo cloud. - The Chikou Span's maintenance of a favorable position relative to current price levels. Until these confirmations are observed, investors are advised to exercise caution and be prepared for potential consolidation or trend reversal. --- #### Disclaimer: *This analysis is for educational purposes only and should not be considered as investment advice.*
EGX:JUFO
by ICHIMOKUontheNILE