E-Finance for Digital and Financial Investments (EGX) - PotentiaHere’s a trading idea you can publish on TradingView based on the image:
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**E-Finance for Digital and Financial Investments (EGX) - Potential Reversal Setup**
📉 **Technical Analysis:**
The stock has been in a strong downtrend, forming a falling wedge pattern, which is typically a bullish reversal signal. Currently, the price is testing a key support level, and a breakout above the trendline could indicate the beginning of an upward move.
📌 **Trade Plan:**
- **Entry:** Upon confirmation of a breakout and close above the trendline.
- **Stop Loss:** Below recent lows to minimize risk.
- **Target Levels (3 Stages):**
1️⃣ **First Target:** Near the next resistance level (previous support).
2️⃣ **Second Target:** Around the mid-range resistance zone.
3️⃣ **Final Target:** At the major resistance level from previous highs.
📊 **Indicators & Confirmation:**
- Price is near a strong demand zone.
- Potential bullish divergence in volume/momentum indicators.
- Watching for confirmation from moving averages.
🚀 **Final Thought:**
A successful breakout could provide a great risk-to-reward opportunity. Always manage risk and adjust targets accordingly!
#Trading #StockMarket #TechnicalAnalysis #EGX
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You can tweak this based on your exact targets and trading style. not financial advice ! 🚀
