EMFD Egypt should be targeting 9.001-hour chart
The stock, fell from 9.50 to 7.62, and rebounded to 8.60, then it is under minor correction in the bullish direction.
A new entry Buy will be after closing above 8.40 for 2 hours, the target will be 8.70 then 9.00
Also, buying in parts from 8.30 to 8.24 is OK with a higher risk and higher profit.
Consider a stop loss level below 8.23
EMFD trade ideas
#EMFD - Egyptian stock#EMFD time frame 1 DAY
Created Gartley Bullish pattern ,
Entry level around 6.45
Stop loss 5.90 ( estimated loss - 8% )
First target at 7.35 ( estimated profit 13% )
Second target 7.85 ( estimated profit 22% )
Third target 8.25 ( with profit 27% )
MACD and RSI show positive diversion that is may support our idea
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
Emaar Egypt is positively bullishDaily chart,
The stock EGX:EMFD has been consolidating between 7.3 and 8.7 in sideways movement. The current technical indicators RSI and MACD are signalling a positive bullish direction.
After a resistance breakout and stabilizing above 8.7 for 2 days, the target will be 10.11
Consider keeping a near profit protection / stop loss level.
Emaar Egypt has a potential to 9.1 and 9.4Daily chart
The stock is trading in a rising channel - the price is heading towards the upper line (Resistance line R).
Next resistance levels will be 8.7, 9.1 then 9.4
The technical indicators RSI and MACD are supporting the positive view.
Consider a stop loss below the line SL. Currently, below 8.0
EMFD Amazing results and a chance to make 20% profits within twoAfter we received the company’s business reports for the second quarter, we noticed an increase in the company’s profits by more than doubling, and this is due to the merger that took place in the company.
Personally, I am a very low level entrant into the company and I do not plan to exit it in any way before 7 years from now.
This is what you play in the Ras Al-Hikma deal
But let's go back to the chart and show that the night burns upward, which is what we need. I expect the share price to reach 7 pounds this week and 7.5 next week.
EMFD "Excellent performance from a great company"An Overlooked Gem in the Egyptian Market: Soaring Growth and Promising Prospects
The provided text highlights an Egyptian stock that has experienced extraordinary growth over the past year, surging by over 135% in value. The stock's fair value has also witnessed an increase from 8 Egyptian pounds to 9.5 pounds, driven by its strong financial performance in the first quarter.
The text outlines two potential scenarios for the stock's future trajectory:
Continued Uptrend: The stock could continue its upward momentum, reaching levels of 8 and 9 Egyptian pounds, with the possibility of further appreciation to even higher levels.
Retracement: The stock might experience a price decline. However, the author strongly advises against selling the stock at any price point.
Personal Experience: having held it since its price was 3 Egyptian pounds. They emphasize the stock's underlying strength and their firm belief that it will appreciate significantly in the future, even if its price drops back to 1 Egyptian pound.
EMAR MISREMSD shares are expected to experience a period of horizontal movement in the range of 6.5 to 5.2 for the next 4 weeks from the date of publication. After this phase, there will be strong support at the 5 Egyptian pound level. If the stock stabilizes during this period, it could reach levels of 7, 8, and even 12 to 30 by the end of the current year