Obour Land is preparing to breakout - to 23Daily chart, the stock EGX:OLFI is preparing to beat the resistance line R and breakout.
Closing above resistance line R for 2 days (above 16), the target will be 19, then 23
Technical indicator MACD is positive, and RSI is near over-bought (so some minor correction may happen around the breakout level.
Consider stop loss below the line S or below 14.1
OLFI trade ideas
OLFI fair price and up potential For a considerable time, OFLI has maintained a level of 10.00 pounds. The company is projected to achieve remarkable revenue by the end of this year, and the material costs are now at a fair price, including milk powder and palm oil. The stock is not highly volatile, which suggests it could be suitable for medium-term traders. Consider buying around 10:00 or 9:80, with targets of 11:5, 15, 20 for short, medium, and long-term investments. Exercise caution as the overall market may undergo a correction, particularly as the pound strengthens against the USD, which typically leads to a short-term weakness in stocks. Begin to build positions, for instance, 10% of your portfolio, and buy gradually on daily dips of 20%.
**As usual, this is not financial advice to buy or sell.**
Obour Land for Food Industries (OLFI) Four next 6 MonthOver the past months, the stock has experienced a decline after it showed growth and a decline in its p/e from 9 to 7, and this should have been reflected in the price, but it was much lower.
What happened was 3 years ago
The pound's concerns faded against the US dollar
Customs release
The distribution of good profits is 0.95 piasters
During the coming period, we notice the following: First, there will be a rise in the resistance levels, which are represented by 9 pounds.
If he breaks it, we will go to 9.5, and then 10 to 12 to 14 pounds for sure.
We expect success for everyone