ADIB Abu Dhabi to target 46 after crossing 39 (blue line)ADX:ADIB
ADIB (ADX ), on the 1-hour chart, is seen as trying to cross the resistance line (blue) at 39, then the target will be 46.
EITHER Buy here, and stop loss is 37.6
OR Buy after crossing the blue line at 39, and Stop Loss at 38.8
Another scenario is going to test the support (red line) at 35.5, then it is a buy opportunity to go up to 39.5 (blue).
Stop Loss is 35.4
Either ways, it is a nice trading opportunity.
Ezz and the goal of the flag As we can see. If it Crossing. 82. It will confirm. The attack of the final goal. 120.
COMI in rally leading the EGX 30the Commercial International Bank (COMI) is leading the EGX 30 with weight of 26.21% to a historical high points that was not been reached before. We can see from the chart that still having a potential rally after breaking the level of 58. However, the volumes is low and the rally to the uptrend is not as sharp as before. It is moving in an uptrend channel, not that perfect, but giving a close view in the short term.
It is expected to continue in it's direction reaching new levels around 75.
on the other hand, if the stock returned below the 58, it will fall dramatically to the next level around 47.5, and may continue to 40.
According to the economical data and the current situation in the region, specially the war in Gaza, we can not say that or predict the time that we can say that the EGX30 reached it's peak, so I recommend the investors to keep in consideration the risk ratio and distribute the portfolio on several stocks with a suitable risk management.
CSAG to target 42.3 (under condition)CSAG
on the 30-min chart, should cross 34.5 with high volume to target 42.3
The stop loss line should be monitored and considered.
Note: Technical indicator RSI is showing over-bought signals.
Note: This stock has had a big rally, and correction should happen. Profit protection should be considered.