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.
Jufo Road MapThis chart is based on the Gann Grid, a tool used to identify key levels in the market where price reversals or consolidations could occur based on historical data and geometric angles. Here, the chart represents Juhayna Food Industries on the daily timeframe. The horizontal lines are support and resistance levels, starting from 0° and increasing through 45°, 90°, and so on, up to 720° at the top. Each degree level represents a potential turning point in the market.
Key Levels:
24.92 is a resistance level.
22.49 acts as a support level.
From the chart:
The price is hovering near 25 EGP, approaching resistance levels, so it might face some difficulty moving higher unless there’s strong buying volume.
The RSI (Relative Strength Index) at the bottom indicates the stock's momentum. It's at 57.46, which is slightly bullish but not overbought. This suggests there could still be room for upward movement, but caution is needed near the resistance levels.
Opportunity:
A potential buy could be considered if the price breaks the 25.15 EGP level with momentum, aiming for the next resistance at 27.48 EGP.
Stop Loss can be placed just below 22.49 EGP to manage risk if the market turns against the trade.
Best Regards!
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.
Sidi Kerir Egypt is preparing to go uptrendDaily chart, the stock EGX:SKPC has formed 2 patterns: symmetrical triangle and cup.
After crossing resistance line R around 30 - 31, the target will be 36 then 40
The technical indicators RSI and MACD on the weekly time-frame are signalling an uptrend.
Stop loss below 28 should be considered.
Speed Medical Egypt has a potential to 0.60Daily chart, the stock EGX:SPMD is trading in a rising channel, and the technical indicator MACD is positive.
I see the stock is preparing to break out the resistance (upper channel line R) to target 0.47
Trading above 0.47 for 2 days will activate the targets up to 0.60
Consider stop loss below 0.36
CLHO H&S Chart PatternCLHO created a head and shoulder Chart pattern, the target is the main volume resistance of the stock 5.4 range.
Kima Egypt should target 11Daily chart, the stock EGX:EGCH is preparing to cross the resistance zone 9.1 - 9.2
Trading above 9.2 for 2 days, the target will be 11 then 11.6 passing through a resistance zone at 10
MACD indicator is positive.
Stop loss below 8.8 should be considered.
Ataqa should target 4.7 then 5.2Daily chart, after the breakout of the horizontal channel, the stock EGX:ATQA should have a pull-back, and prepare to continue upwards to target 4.7 then 5.2
The technical indicator MACD is positive.
Stop loss below 4.15
