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COMMERCIAL INTERNATIONAL BANK-EGYPT (CIB)COMMERCIAL INTERNATIONAL BANK-EGYPT (CIB)COMMERCIAL INTERNATIONAL BANK-EGYPT (CIB)

COMMERCIAL INTERNATIONAL BANK-EGYPT (CIB)

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COMI trade ideas

COMI Egypt can exceed 104 in 6 monthsWeekly chart, The stock EGX:COMI has formed a symmetrical triangle chart pattern, and crossed the Resistance line R. One more week above R, to confirm, the target will be 104.3 - passing through several resistance levels as shown on the chart. A new entry (buy) can be made immediately before confirmation with higher risk, and consider a stop loss below 76.0 Technical indicators RSI and MACD are positive. NOTE: Keep a near Profit Protection/ Stop Loss level.
EGX:COMILong
by snour
Commercial International BankThe stock of Commercial International Bank (CIB) on the Egyptian Stock Exchange: please exercise caution. The stock had been rising from September 2022 to its peak in March 2024, where it made a false breakout above the last peak. It then dropped to the channel's lower limit on April 30, 2024, and attempted to rise to form a new peak, but failed. A confirmation of a trend break on the weekly timeframe occurred with a close outside the channel on October 13, 2024. Since then, the price has been outside the channel. The first negative signal occurred when the small green trend was broken after the price left the channel. Secondly, the price formed a descending red trend, as shown. Thirdly, there is clear divergence in the price movement on the green trend in the smaller time frame (1-hour) with both the MACD and RSI indicators. A strong exit signal occurred on November 14, 2024, when the price hit a strong cluster area, as shown in the chart. For short-term traders, the target is a decline to a lower low below 76 EGP. We also expect the price to break the correction's bottom at 70.50 EGP. At this point, medium-term investors should consider exiting. A large head-and-shoulders pattern is likely to form, along with harmonic patterns, with initial targets between 52.66 EGP and 52.43 EGP, followed by another target range between 42.23 EGP and 42.90 EGP. It Is my vision , not a recommendation for buying or selling.
EGX:COMIShort
by IbrahimTarek
1
Comi Important Levels - GannHello Dear Traders, Decrypting The Algos! - Important Levels On the Chart "Horizontal Lines" Based on Gann Square of 9 Works as Support/Resistance. Watch for Price action around those levels - Jinny Gann Grid - Vertical lines works as time lines. Expect Reversal around them. Next Near Resistance:84.07 Then 89.9 Near Support : 78.37 Then 72.87 How to Read the Chart? Zoom in to Current Price! and see where is the support and resistance on that date you checking the chart ;) Wish you Best of luck
EGX:COMI
by Magic_xD
Multi timeframe analysis weekly, two days, daily, hoWeekly, 2 days, and daily timeframes are still uptrending. Unfortunately, there are some hiccups on lower timeframe. The five minute timeframe suggests that we are consolidating below red kumo. Analysis is based on Ichimoku, and Elliot waves. Confirmation is done by other indicators such as MACD, stochastic RSI, OBV, and RedK Everex. Watch the video idea to have the full picture of the stock under analysis. Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in stocks, and might involve risk of loss. Loss of principal is possible. Investors should note that past performance is not a guarantee of future returns. The investment value may be affected by market fluctuations. The stocks mentioned here are not equivalent to, nor should it be treated as a substitute for, time deposit or any other form of saving deposits. Investment in the securities of smaller companies can involve greater risk than is generally associated with investment in larger, more established companies that can result in significant capital losses.
EGX:COMILong
by ICHIMOKUontheNILE
Ras Hikma impact on EGX30the rule of thumb in the EGX30 ... buy on RUMOURS, and sell on the NEWS. Rumors started on Jan 31st, Ras Hikma project is worth 45Bn USD, and Emiraties areIN. Yesterday, the Rumors became solid fact, Egypt prime minister announced the signing of the contractual agreement live on national television. The deal is worth 35Bn USD. The USD/EGPp on investing.com dropped almost 19%. However, the market sentiment is the key success factor for every single stock. A repeat scenario of January 31st probabilities are above average.
EGX:COMI
by ICHIMOKUontheNILE
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.
EGX:COMILong
by JR-HUB