ECAP - Egyptian stock#ECAP timeframe 1 DAY
created 2 Bullish pattern ( Gartley and AB=CD ) , so we can see action price in this point .
Entry level at 22.70 ( price now 22.40 )
Stop loss 22.00( loss may go to up -3% )
First target at 24.45( with profit around 7.60% )
Second target 25.97( with profit around 14.70% )
NOTE : this data according to time frame I DAY ,
Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing
Thanks and good luck
ECAP trade ideas
#ECAP - Egyptian stock - great opportunity - great fundamental .#ECAP time frame 1 DAY
Created 2 Bullish pattern ( Gartley and AB=CD ) ,
Entry level around 22.10
Stop loss 21.00 ( loss may go to up -5% ).
First target at 24.00 ( with profit around 8% )
Second target 25.65 ( with profit around 15% )
Third target 26.80 ( with profit 20% )
NOTE : this data according to time frame I DAY , it`s may take period up to 3 months to achieve targets , you must study well the Alternative opportunities before invest in this stock .
In addition EGX30 is negative.
Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing
Thanks and good luck
El Ezz Porcelain has a potential to target 31.6Daily chart, the stock EGX:ECAP is drawing a symmetrical triangle, between the Resistance line R and Support line S.
Closing above R for 2 days (above 24 for more safety), the price will target 31.6 passing through the shown resistance levels.
Stop loss is below S, and can be below SL line at 21 (one day, with low volume)
Below SL line, the price may fall to line S1, then S2
Remark :
Either quick trade between R and S lines.
Or wait for the new entry confirmation after crossing R.
Ecap long term levelsHello dear traders
On the Chart important gann levels for the up cycle from the low of 7.08
To current top 38.80
Current support is around 17.31
Pivot is 18.8
Resistance levels above the price.
Horizontal lines are considered Support/Resistance wait for price action around these levels
Vertical lines are time lines important to watch for reversal around those dates.
Jinny gann fans .
Wish you best of luck trading.