Middle East Paper Co buying area after correctionAfter advancing in an impulsive five waves up, I still see another wave down below early December low in 2022 to complete a 3 wave zigzag.
1202 trade ideas
Anlysis: Bullish Channel situationAs you see on the chart we will have a big probability of a reversal trend (uptrend) if we have the breakout with force the vwap indicator and the resistance line by a big green candle with a large green volume so at the next green candle we can buy. But, in other hand we will have also a big probability of a downtrend continuity if we have the breakout with force the support line by a big red candle with a large red volume so at the next red candle we can sell. Thanks!
This is for me only, I am a beginner!P/E = 8.839
RoA = 5.059%
Div Yield = 6.41%
RSI (M) = 31
The target is at 17.29 SAR plus div collected. 1-2 years.
middle east paper company "mepco" stocksMn : up trend
Wk : up trend
D1 : up trend
long at daily demand zone
