Sell breakout Sell the breakout of the trendline to the targets shown by zones of interest ( demand zones)
OIH trade ideas
Long OIH Company Overview:
• Orascom Investment Holding (OIH) operates as an investment holding company in the telecom and technology sectors across Egypt and Africa.
• The company is also engaged in real estate investments, leveraging its experience in North Africa and Sub-Saharan markets to expand into Africa’s fast-growing economies.
• OIH invests in energy, financial services, agriculture, real estate development, logistics, and transport.
• The company is also focusing on world-class entertainment destinations, integrating entertainment, retail, and hospitality to drive regional development.
Financial Highlights (2024):
• Net Cash Position: EGP 2.27 billion (Cash: EGP 2.94 billion, Debt: EGP 664.15 million) → EGP 0.43 per share.
• Book Value Per Share (BVPS):
o 2024: EGP 0.79 (+33% YoY).
o 2023: EGP 0.59 (+12.96% YoY).
o 2022: EGP 0.52 (+67.75% YoY).
• Fair Value Per Share (based on sector book value multiple): EGP 1.72.
Stock Performance & Investment Outlook:
• 52-Week Performance: +48.05% increase.
• Current Price: EGP 0.58/share.
• 52-Week High: EGP 0.64/share (02/03/2024).
• Elliott Wave Analysis Targets:
o TP1: EGP 0.774.
o TP2: EGP 0.959.
• Investment Recommendation:
o Buy below EGP 0.52/share.
o Hold for long-term upside potential.
Next Estimated Earnings Date: Thursday, March 27, 2025.
OIH Long Thats a tough chart tbh.
Ok. So there are two patterns on here that i think are very interesting. What is most interesting is that both patterns are bullish. The first one is the bull flag, and the second one is inverted head and shoulders.
On the bearish side, there is a huge resistance on the weekly which explains both the bullish chart patterns discussed earlier. It looks like bulls prepare for another move up to break the resistance, and every attempt of bears or sellers to push the price down, the bulls push it further up.
So i have marked both my aggressive entries, marked in blue, and my conservative entry (taking all scenarios into consideration) marked in yellow.
DYOR.
OIH Important Levels Long TermHello Dear Traders,
Wish you a good Day,
on The chart important Levels "Horizontal levels" Based on Gann sq9 Works as Support/Resistance
Watch for Price action around those levels.
also there are gann fan the green/Yellow trends works as close as Trendlines in your regular Classic analysis.
Trade around the levels and be as close as possible to take action around it.
Produced by Jinny Gann Ar.
Best Regards
Can OIH revisit its ATH?- Finally after the market shook off all the prophets of doom who were calling for a market correction the bullish trend is continuing its course.
- OIH is highly liquid stock but the chart seems to be setting for a revisit of the ATH.
- Entry area is the current range.
- There is a good R:R so no need to have a tight stoploss.
OIH needs some bullish power to rebound and beat resistance1-hour chart, OIH needs a quick rebound - otherwise a correction will happen to 0.374 extendable to 0.362
New buy entry above 0.405
Above resistance (BLUE line), the target will be 0.512 extendable to 0.521
RSI is positive, in the buy area.
MACD is negative: downwards is highly possible.
Reversed head and shoulders confirmedAs we can seen now and speculated yesterday that the pattern will continue to be formed on the chart. We can now see a clear reversed head and shoulders with the target. pattern is 100% confirmed once it breaks the shoulder lines upwards. an order to buy will be put around 0.198 and 0.20. Best of luck
Reversed head and shouldersAs we can see, we can speculate that the char will continue to form the other shoulder so a reversed head and shoulder is drawn and can set a goal for it around 0.23-0.24
Anyway chart is not completed yet however a trade can be done till the other shoulder is drawn on the chart and if it continues, you will have bought the stock in a lower price than u would have got it if you bought after waiting for the other shoulder to appear
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
FOR INVESTORS WE START BUILD POSITIONS WE START BUILDING LONG POSITIONS FROM
ENTRY ZONE NUMBER 1 : 0.248 UP TO 0.250
ENTRY ZONE NUMBER 2 : 0.237 UP TO 0.239
ENTRY ZONE NUMBER 3 : 0.226 UP TO 0.228
STOP LOSS : WEEKLY CANDLE CLOSE BELOW 0.198 -20% FROM ENTRY ZONE 1
TAKE PROFIT 1 : 0.342 +37% FROM ENTRY ZONE 1
TAKE PROFIT 2 : 0.401 +60% FROM ENTRY ZONE 1
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