EGX30 trade ideas
-1EGX30@15.2K OPEN SHORT (15.2K-11.0K) PL: +4.2K(+28%)Short position is still open from March 2019.
EGX symbols are pretty interesting to study, the lack of HFT firms is probably the main reason for the perfect alignment with the symbol's fundamental health.
The mega industrial boom generated massive investors interest during the past 4-5 years, followed by the COVID crises, EGX suffered major damage however, our short position was already open at Mar 2019 on an acute divergence of all differential oscillators, targets were set to 11K-9K, however, recent events made things a little bit more interesting.
Price should hover over the 10K mark for a while, we expect another leg down (9K-7K) before any move upwards, hopefully we don't see a new minimum.
It makes me always wonder weather fundamentals draw the charts, or do charts actually predict fundamentals..
Happy Trading!
-1EGX30@15.2K OPEN SHORT (15.20K-11.07K) PL: +4.13K(+26.9%)Short position is still open from May 2020@ 15.20K, no close yet however approaching a critical decision point for EGX30
Time Precedes VolumesThis idea is based on the article Time Cycle Oscillators, published in IFTA Journal 2018.
As volumes precede prices, the “period of time cycles” precedes volumes.
Hence, the simple harmonic oscillator SHO (blue) is leading to the volume zone oscillator VZO. The latter is created by Walid Khalil.
Negative and positive divergences between the SHO and VZO help in predicting the direction of the VZO. Also, the SHO confirms and shows the significance of the signals which are generated by the VZO. i.e., the encircled sell signals on the chart.
Regards,
Akram El Sherbini
$EGX30 a threat to break the uptrend$EGX30 a threat to break the uptrend that was created 17 years ago.
EGX30 is the major index of Egypt stock exchange which showed uptrend from 2002
two major technical sign for downside Head and two shoulders
EGX30Hello Traders! Please support this idea with a LIKE if you find it useful. EGX30- This post does not provide financial advice. It is for educational purposes only.
EGX30 - Egyptian Stock Market - weekly chartA negative Elliot wave scenario for EGX30 under 11000 may go down to 7800 as a first target then down to 6000 but above 11000 will cancel this scenario
Sell in May and go away
Pressure Wave of SHO and WPZOBased upon
"Time Cycle Oscillators" published in IFTA journal 2018.
"Wave Period Zone Oscillator" published in IFTA Newsletter December, 2017.
Expected volatility after the SHI/SHO/WPO/WPZO forms a pressure wave (PW).
the volatility is higher when the PW is longer.
Akram
EGX30 target 7000depending on- monthly trend line for EGX30 and Fibonacci retracement, expected to see EGX30 test 7000 and then bounce.
as now EGX 30 RSI14 oversold while still, the market does not have enough confidence to buy.
-1EGX30@15.2K-13.8K - PL: +1.5K(+10.1%) Open profit: 10.1%
Still no divergence on 1D
#GOSISI #SISI2020
Egypt Index Is The New Gold? PL: +2,364 EGP (+18.5%)+1EGX30@
Egypt index returns outperformed all my other assets.. Go Sisi Go ;)
Lets bury more water canals! ^_^
With bread and medicine prices quadrupled in the past couple of months, I'm satisfied that my returns will cover it..
+1EGX30:18:12:12@12,757 EGPBesm Elah..
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"In art he, Thoth, was often depicted as a man with the head of an ibis bird"
999ug.
egx 30 - egx 30 to 13500 + 100 - 100 on short term to test the main uptrend and the next high volume profile point
