RMDA chart 1H Egyptian stock market According to below chart there is gartly pattern at time frame 1 hour
entry level from 3.35 to 3.30
stop loss 3.25
target 1 = 3.55
target 2 = 3.70 to 3.75
note : this data according to time frame 1 hour
note : EGX30 is negative
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
RMDA trade ideas
RMDA faces strong resistance at 2.5The chart shows strong resistance for Monday at the 2.5 level that cannot be broken, and there is a lack of desire from the market maker to break this level. Support is expected at the 2.29 level. The expected scenario is that the stock will move sideways for the rest of the trading week until a "flag" is formed, after which it will break the 2.5 level and soar to the 2.8 level. This is expected to happen in August before the dividend distribution, which is expected to be 0.067 per share.