Ezz Steel Trading Resumes, Co Expects GDRs Trading To Resume SooEzz Steel Trading Resumes, Co Expects GDRs Trading To Resume Soon On LSE- EGX with High volume trading activity
ESRS trade ideas
Probabilities of the next possible weekly movementIn the weekly term, the price moves between two deterministic ranges.
The upper area is characterized by imbalance and is also a supply area, while the area below the price is an imbalance area.
The price probabilities in the event of a decline or rise are clearly visible on the chart
Technical indicators support the potential upward trend.
The next movement of the investor, more than the speculator, requires patience or speculation on the fluctuation that occurs.
pivot point is 102.0
Good luck everyone
Ezz Steel (ESRS) formed a chart pattern, to target 94.9Daily chart, ESRS stock formed a bullish chart pattern (descending triangle), and the target is 94.9, extending to 110.6 (Fibonacci extension)
Technical indicators RSI and MACD are positive.
Ezz and the goal of the flag As we can see. If it Crossing. 82. It will confirm. The attack of the final goal. 120.
Next cyclesupport and resistance lines.. horizontal lines are Support/Resistance . Vertical lines are time pivots . Appreciate your Comments. GL Gann fans .
$EGX:ESRS EGX:ESRS
The uptrend started from the bottom of last October at a price of 13.02, then hit the 90-degree angle at a price of 17.63. The stock then rebounded from the 45-degree sub-angle and resumed its rise. The 90-degree angle was broken, making it the best buying area. The target of the uptrend cycle was 31.45, which is the 360-degree angle that the stock achieved and rebounded from. Then it resumed its rise to enter a new uptrend cycle, whose first targets were the 450-degree angle that the stock achieved early on. It continued its early rise to achieve two new targets, which are the 540 and 630 angles continuously. All this early rise supports the stock’s decline downwards, which happened, then the stock resumed its rise to complete its cycle. The stock broke the 450-degree angle at a price of 36.06 upwards, which is the best buying area when broken. The rest of the targets and supports are shown in the drawing.
The success of this pattern depends on the stock staying within the channel and not breaking the angle downwards and achieving its targets on time.
The information and publications are not intended to be or constitute any financial, investment, commercial or other types of advice or recommendations provided.
The full view ESRSEzz Fadel Steel has a small last rise before the large drop of the strong support area below, as shown in the shaded area, and this will be a large gathering area for a large annual rise later
NEXT MARKET MOVE UP TO 2023NEXT MARKET MOVE UP TO 2023
At the bold black line, a major area,
At the orange line, a sub area
WE CAN UPDATE AFTER BROKEN
Esrs will go down in the near futureThe momentum and the technical shows that it will go down to 14.25 egp as I think, and if it crossover it it probably go more down this is for the short term (1h and 4h chart) .This is not a financial advice. It's just my opinion.
Thanks
short-term uptrend may be overexpected reversal if it didn't break the 11EGP level, it may reach the ~8EGP Level
EZZ is in a Down trend on short termFor daily and Swings traders, Ezz steel is in a downtrend pattern facing many resistances downward, can be a short-selling opportunity for the short-term but once it crossed up 12.40EGP target it can be reversed to an uptrend, but for now it is a downtrend for a while
bur EZZ steal at 3.25L.Ethe EZZ steal in a downtrend. the strong support at 3.25L.E
the Stock overload, RSI in daily frame show less than 14
the target will be 5.00 LE
