#ORHD - Egyptian stock . weekly ( may loss go to 40% ) #ORHD time frame 1 WEEK
Created a 2 bearish pattern ( Gartley and AB=CD ) .
In addition there is SHARK 32 from ( 17.00 to 20.00 ) if prices close weekly higher 20.00 may still rises to 23.00 , in anther hand if prices closes under 17.00 weekly may still down to 14.00 achieved first target for the 2 bearish pattern as follow :
Sell point around 19.00 to 18.00 and wait for action .
Stop loss / reentry 20.00 ( estimated loss -6.80% ) weekly close .
First target at 15.50 to 14.00 ( estimated profit or saving invest 20% ) .
Second target 13.00 ( estimated profit or saving invest 30% )
Third target 11.00 ( estimated profit or saving invest 43% )
the profit in this case is saving your invest from losses up to 40% .
NOTE : this data according to time frame 1 week .
So i think if prices closed weekly under 17.00 , stock will go in downtrend for medium-term .
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
