EGAL, Egypt, should go to 103Daily chart, the stock formed a descending triangle, and pennant chart patterns, and the target is 103
Technical indicators RSI and MACD are positive, confirming this uptrend view.
ACAMD has a potential to reach 1.82 after crossing 1.38Weekly chart, the stock is trading near a resistance zone, and is trying to cross 1.12-1.13
Above this level, the targets will be 1.28 and 1.38, then 1.68 extending to 1.82
AMOC to target 14.4 after crossing resistanceDaily chart, AMOC is trading in a descending channel, and it seems a chart pattern will be formed - a flag / inside a triangle.
After crossing the resistance (at 10.35 - 10.4), the target will be 12 and 12.6 , then some correction may happen at 12.6 before reaching the target 14.4
Stop loss below 9.6 to be considered.
EHDR should target 0.450, then 0.625Weekly chart, the stock is trading in a falling expanding triangle, with a tendency to cross the resistance line.
After crossing at around 0.430, the target will be 0.530, then zigzag upwards up to 0.903 passing through the shown resistance levels.
Technical indicators RSI and MACD are positive.
Cairo Oils & Soap, Egypt, should target 0.549, then 0.579Weekly chart, the stock (COSG) is trading in a rising channel, and is inclined to cross the resistance.
Above resistance line, the target will be 0.549, extending to 0.579 then 0.621
Technical indicators MACD and RSI are supporting this view.
Bulls are back for EGAL?- good chance that there may be a continuation for EGAL to the upside.
- Volume has decreased during consolidation, which is my only con for this trade. but it may pick up during the move.
-Make your decision, size accordingly, and manage risk.
MM Group is about to cross the resistance; then 11.4Daily chart, the stock has formed an expanding triangle chart pattern, and is preparing to cross the Resistance line (blue).
After crossing, the target will be 11.4
Stop loss should be considered below 6.85
FAWRY, Egypt, is on a critical price level !Daily chart, the stock is trading in a rising channel, and is inclined to test the support line (Red), then rebound to the resistance line (blue)
Below support, the target is 4.62.
Above the support, the target is 7.76 (Crossing at around 6.66 - 6.70)
ISMQ, Egypt, is on a critical price level !30-min chart,
I chose this "little" time-frame to see intra-day sentiments. This is not for opening new positions. Be careful!
Higher probability for testing the support (red) line, then rebound upwards; as the technical indicator Stochastic RSI is 0, and the volume is decreasing with price decrease.
After crossing the resistance (blue) line, the target will be 4.33
But below support, it is 2.37
Egyptian Poultry should target 7.05, (then 8.90 after crossing)Daily chart, the stock (EPCO) is trading in a rising wedge, and the technical indicators RSI and MACD are reflecting a tendency to complete upwards to the resistance line (blue) - around 7.05
After crossing the resistance line up, the target will be 8.90 extending to 9.05
SPMD should rebound and target 0.655 after beating resistance1-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
abuk until jun 2024This my idea for abuk journey in first half of 2024.
This is for long term invisting.
For short term venture this could be inaccurate.
Faisal Islamic Bank (FAIT) should go to 41.27Daily chart, the stock formed a chart pattern pennant, and crossed the resistance line, then the targets should be 38.55 and 41.27
Technical indicators RSI and MACD are positive.
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.
Can Fanar Contracting (FNAR) make the unexpected rally to 2.45?1-hour chart,
Note: Using Heikin Ashi candlesticks because of the low volume - and this is not suitable for daily trading.
Fanar Contracting (FNAR) seems trying to rebound to test resistance. The target is 2.10
After crossing the resistance, the longer-term target will be 2.45
Tech. indicators RSI and MACD are positive. However, the low trading volume decreases the accuracy.
A good potential for ICID, EgyptWeekly chart, the stock is trading in an expanding triangle, with positive technical indicators RSI and MACD.
After crossing the resistance line (BLUE) - at around 5.7, the target will be 9.38
Below the support line, the stop loss should be considered.
Is EIUD preparing for a nice bullish wave?Daily chart, the stock is trading in a falling channel, and last candlestick completed a chart pattern triangle. the target is 0.71
The next target will be activated after crossing the channel to 0.89, then 1.15
Sidi Kerir Petrochemicals (SKPC) should target 37.7Daily chart, the stock SKPC has been trading in an expanding triangle since May 2023, and it is trending upwards - as supported by the positive MACD and RSI indicators.
Targets are 32, 34, then 37.7
For daily trader, the stop loss below 28.5 should be considered.
OIH needs some bullish power to rebound and beat resistance1-hour chart, OIH needs a quick rebound - otherwise a correction will happen to 0.374 extendable to 0.362
New buy entry above 0.405
Above resistance (BLUE line), the target will be 0.512 extendable to 0.521
RSI is positive, in the buy area.
MACD is negative: downwards is highly possible.
ISMA formed W chart pattern - Target 13.9530-min, the stock formed W chart pattern, which targets 13.95
Note, the blue (resistance) line, turned into a support level after crossing up. So, consider a stop loss below it.
Potential trade on ISMQstuck in a range for couple of months.
already its in a good area to start adding shares imo.
Will AT Lease (ATLC) stock beat resistance and cross 5.4 soon ?1-hour chart,
AT Lease (ATLC) is showing positive signs that the rebound will continue to first resistance (around 5.38). After crossing 5.40, the target will be 6.26
Technical indicators: RSI is positive, MACD is preparing to cross up..
