The correctional rally is about to endThe upward correction of wave C is about to end, from which another large decline will begin
Small upswing, then a big downswingThree historical upward waves were created, then two corrective waves are nearing completion, and another large corrective wave is left
Short term strategy I believe the container will be there at the lowest point, so start buying put your stop losses, percentage 2% max, earning, 4%
AMOCEGX:AMOC
One of the best stocks in Egyptian Market, Good opportunity to buy at current levels 7.6 - 7.8
It has to be watched closely till it closes above 8 EGP, once done it should fly high.
Else, close the trade asap and wait a bit more for good entry.
Good Luck
Bearish (EFIH)THIS IS NOT AN INVESTING ADVICE, I AM ONLY SHARING MY THOUGHTS, AND WOULD LOVE TO HEAR YOURS IN THE COMMENTS EGX:EFIH
The stock broke the trend line, was supposed to stabilize above 19.5 but did not, so next support @ 18.24. Not good at all until going above the 19.5 and stabilizing above it
Fake BearishTHIS IS NOT A FINANCIAL ADVICE, THIS IS ONLY A PERSONAL OPINION, WOULD LOVE TO HEAR YOURS IN THE COMMENTS
I believe this drop in price is only a correction due to the huge jump from 45 to 47.8. The price broken the trend line and is supposed to have a strong support @ 47.965 and 46.614. The final support before a bearish would be 43.04.
So to conclude i believe that if it continues above 43.04 , this is still a potential bullish sign.
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KABO - Inverted Head and ShouldersEGX:KABO
The Stock ahs been performing super well since November.
After a bit of correction, a clear inverted Head and Shoulders should break easily the 2 EGP levels to at least 2.25 EGP first target.
COMÍ Resistance and Support This is not a financial advice, but only a personal opinion
Since my last prediction and trend analysis was accurate thanks to god first,
I assume since it stabilized over the 50.834 which was the previous resistance, the next resistance will be @ 51.870 and possibly 52.491.
The stronger support is @ 49.382 and @ 47.96
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Ascending Triangle PatternAs you can see the the graph forms an ascending triangle pattern and it has now stabilized above the last support of 6.65.
If it continues to go down the second support will be over 6.589. However an ascending triangle may imply bullish so if it continue to stabilize over the 6.589 this is a possible bullish up to the 1st resistance @ 6.85 and 2nd resistance @ 7.25
#prmhprmh strong buy with pass symetric tringle 0.58 and closing upper it target new high upper 0.609
by stabling upper 0.61 by closing first target 0.812 then second and final target between 0.872 to 0.893
Short Bullish Profit on MOPCOEGX:MFPC
Clear uptrend continuation upon correction with Stochastic reversal and MA 50 support.
Target 164.7 EGP
Egyptian Kuwaiti Holding - EGP EGX:EKHOA
Egyptian Kuwaiti Holding has reversed around 34 EGP to continue the uptrend again supported by Stochastic-RSI indicator and last day candle close above previous close.
Also we have clear inverted head and shoulders pattern.
Expected to go up to 38 EGP before the next correction.
Bullish (COMI)BULLIISHHH
As you can see here the price has passed both resistance line @ 46.58 and @ 47.96 and stablized above them both, this means that it will have a new target of 50.87
THIS IS NOT AN INVESTING ADVICE, I AM ONLY SHARING MY THOUGHTS, AND WOULD LOVE TO HEAR YOURS EGX:COMI
#menamena is good opportunity make model of reverse head ^shoulder supported by symmetric triangle and it above up trend
target 1.60 pass with resistances that is indecated in chart
#ameramer good trade
entry point 0.88 EGP
stop loss closing under 0.8 EGP
targets brown line 1.02 / 1.10 /1.17
COMI EGX30 Huorly chartThe Commercial International Bank, on the hourly curve, confirmed that there had been a reversal between the price movement and momentum, and retested the confirmation level at 43 Egyptian pounds, and the price is likely to reach the level of the demand area at 37.80-37.00
GAS EGYPTIt is expected to drop to the specified areas between the 14th to the 18th as a final corrective decline, and then to launch motive waves to make another historical peak.
CIB-EGYPTThe trend for CIB Egypt weekly - The trend for CIB Egypt weekly - The trend for CIB Egypt weekly
