Fawry short position I love Fawry stock since it has been doing well during bad times in the Egyptian market. Its really an undervalued stock that i expect it to do exceptionally well in the future. However, based on the chart (for short term) for this stock to really takes off, it need to correct, grap liquidity and to the moon from there. So i think, realistically, its has to go down in the short term to later face the its ath resistance.
so i have checked the possible scenarios for the short positions and hopefully iam right. As for now this is only TA, and i havent checked the fundamentals so iam not really sure.
for anyone who is willing to take this trade, please, check the fundamentals , and the economic conditions. always DYOR.
