RAYA Egypt may go bullish towards 5.30 !Weekly chart,
I see a pre-formation of a widening rising wedge pattern, and the stock EGX:RAYA is preparing to go on a bullish movement towards the upper line R
There is a very strong resistance level at 3.00, then resistance levels at 3.60 and 3.74
(At each resistance level, be careful with your profits!)
The technical confirmation is closing 2 weeks above 2.45 for a new entry (buy)
Long Term Targets 4.00, 4.30, 4.50, 5.00, 5.30
Note: Stop Loss should be considered below 2.30 - 2.27
RAYA trade ideas
RAYA Approaching Trendline with Bullish DivergenceRAYA is currently testing a key ascending trendline, showing signs of a potential reversal. The price action is forming bullish divergence on the RSI and other momentum indicators, suggesting a possible bounce toward previous resistance levels.
Key Observations:
✅ Price is nearing strong trendline support.
✅ Bullish divergence forming on RSI and other indicators.
✅ Volume is stabilizing, indicating potential accumulation.
✅ First target: 2.58 (major resistance), then 3.24+ if momentum continues.
✅ Stop-loss below 2.10 to manage risk.
A confirmed breakout above short-term resistance could trigger a stronger upside move. Waiting for confirmation before entering a position is crucial!
What are your thoughts? 🚀📈not financial advice
RAYA HOLDING: Bullish Rebound or Breakdown? Key Levels to Watch!RAYA HOLDING (EGX) is at a crucial decision point!
Trading near key support at 2.22 - 2.39 EGP, with a chance to rebound within the long-term bullish channel.
Breakout above 2.40 could lead to TP1 at 2.9 and TP2 at 3.45 🚀.
Bearish case? A breakdown below 2.1 could trigger further downside.
📊 RSI & Stoch RSI hint at potential momentum shift—what’s your take? Let’s discuss!
#RAYA Egyptian stock - great opportunity - great fundamental.#RAYA time frame 1 DAY
Created Gartley Bullish pattern , also there is positive diversion at RSI ( may that support our idea ) as follow :
Entry level around 2.70
Stop loss 2.55 ( estimated loss -5.50% )
First target at 3.00 ( with profit around 10% )
Second target 3.30 ( with profit around 20% )
Third target 3.50 ( with profit 28% )
NOTE : this data according to time frame I DAY , it`s may take period up to 3 months to achieve targets , you must study well the Alternative opportunities before invest in this stock .
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
Raya Holding (EGX) – Trendline Support with Upside PotentialHere’s a TradingView idea for your trendline approach setup with targets set to the previous top:
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**Raya Holding (EGX) – Trendline Support with Upside Potential**
📉 **Technical Analysis:**
The stock is approaching a strong ascending trendline, acting as a dynamic support level. A potential bounce from this level could trigger a move towards previous resistance zones. The MACD is showing signs of bullish divergence, suggesting a possible reversal.
📌 **Trade Plan:**
- **Entry:** Near the trendline support with confirmation of a bounce.
- **Stop Loss:** Below the trendline and recent lows to manage risk.
- **Target Levels:**
1️⃣ **First Target:** 2.478 – A key resistance level and volume cluster.
2️⃣ **Second Target:** 3.243 – A previous strong resistance zone.
3️⃣ **Final Target:** 3.752 – The previous high, where selling pressure might emerge.
📊 **Indicators & Confirmation:**
- MACD forming bullish divergence, signaling momentum shift.
- Price approaching a strong support level with high probability of a bounce.
- Volume profile suggests strong interest at higher levels.
🚀 **Final Thought:**
A well-structured trade with a favorable risk/reward ratio. A bounce from the trendline could lead to a strong upside move, aiming for previous highs. Monitor price action and volume for confirmation!
#Trading #StockMarket #TechnicalAnalysis #EGX
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Not Financial Advice! 🚀
longKey Financial Metrics
Fair Value: 4.3 EGP (close to current levels, undervaluation is limited)
P/E Ratio: 5.1X (very low, indicating potential undervaluation)
Market Cap: 10.75B EGP
Price Target: 5.1 EGP (~18.6% upside from fair value)
Holding Period: 12 months
Financial Performance (9M 2024)
📈 Revenue Growth: +42.4% YoY (Strong top-line expansion)
📈 Net Profit Growth: +161% YoY (Impressive earnings surge)
📈 Quarterly Revenue Growth: +49.6% YoY
📈 Quarterly Net Profit Growth: +270% YoY
These numbers indicate strong operational efficiency, and the net profit margin of 4% is stable.
investment Outlook
✅ Bullish Signals:
✔ Low P/E (5.1X) → Indicates the stock is cheap compared to earnings
✔ Strong Revenue & Profit Growth → 42.4% revenue and 161% net profit growth YoY show business expansion
✔ Solid Quarterly Performance → 270% net profit growth YoY is a strong indicator of continued momentum
❌ Bearish Signals:
Market conditions & liquidity low
Great Opportunity ---- Sunday 28th Jan 24The demonstrated concept is based on FVG, Order Block, and Ichimoku Kinko Hyo. The narrative is in Arabic, and channeled toward Arabic speaking trader in CASE.
Disclaimer: this is not an investment proposal; if you want to invest consult your investment/wealth manager.