ARVA - many patterns give one target - Amazing EGX:ARVA timeframe 1 hour
Entry around 4.10
Stop loss at 3.75 (10% loss).
Targets at 5.50 and 6.00 (up to 44% profit).
Hourly chart shows a triangle pattern and bearish Gartley pattern.
Daily timeframe also indicates a bullish pattern with the same targets.
MACD and RSI support this analysis.
Note: This is not investment advice—only my analysis based on chart data. Consult your account manager before investing. Good luck!
ARVA trade ideas
ARVA Rounding bottom and channel chartAs we can see down below the stock is moving between the prices of a channel and is continuing with the rounding bottom chart formation. Almost hit the high of the channel might test it again and might go to the down line to bounce back to a higher high accordingly. to be followed