#EEII Egyptian stock#EEII time frame 1 hour
created a bullish Gartley pattern
entry level at 1.39
stop loss 1.37
first target at 1.45
second target 1.50
MACD indicator show bottom less than last bottom unlike the data on chart , may that is support our idea.
note : this data according to time frame 1 hour
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
EEII trade ideas
El Arabia Engineering (EEII,EGX): uptrend to 1.8 then 2 and 2.5Weekly chart, the stock EGX:EEII is supposed to continue trading in the rising channel and test the resistance line at around 1.80
Trading for 2 weeks above 1.80, the target will be 2.50 - 2.55 passing through a resistance zone at 2.00 - 2.10
Technical indicators MACD and RSI are supporting this positive view.
Note: Stop loss below 1.24, and to be raised along with the rising price.
EEii Important LevelsHello Dear Traders,
Wish you a good Day,
on The chart important Levels "Horizontal levels" Based on Gann sq9 Works as Support/Resistance
Watch for Price action around those levels.
also there are gann grid the green/red trends works as close as Channels in your regular Classic analysis.
Trade around the levels and be as close as possible to take action around it.
Produced by Jinny Gann Ar.
Best Regards
EEII.EGX moving in a ascending triangle.The stock is still in a neutral range on the ascending triangle pattern between the two major support or demand areas and between a nearby secondary supply area, and the price movement is waiting for the penetration of any of the two ends of the pattern so that we can talk about the expected targets