Gehad_Abouelela

Gehad_Abouelela

Dow Jones witnessed a decline in yesterday’s session, breaking last bottom 32847 point, and the confirmation of that breakout by today’s session, will confirm current downtrend creating new lower low, which will trigger Dow Jones to targeting lower level near to 32586 – 32272 – 31805 point. And we notice that, the indicators heading towards negative side, which...

Gehad_Abouelela

By yesterday’s decline, that breaking the support area 14283 – 14216$, which confirmed the descending triangle formation, and turning the trend to downtrend, creating lower low. Hence, the remain below 14216 by today session, will lead the NASDAQ to target lower levels near to 13894 – 13521 – 13287 point on short term basis. According to negative indicators and...

Gehad_Abouelela

The index continued its decline during yesterday’s session, breaking the support area 4189 – 4166$. And the confirmation of that breakout, will lead the S&P500 to targeting lower levels near to 4104 – 4050$ in the short term basis. Accordingly, breaking the last bottom 4,216$, that confirmed the current downtrend and the negative indicators, which all of this...

Gehad_Abouelela

EGX70 witnesses an healthy correction short-term move, and that after creating a new peak that lies at 3764 point. And on last Thursday, the EGX70 closed above the level 3450 point which constitutes the 38.2% of Fibonacci retracement level, then the breaking of that level to downside, will lead to targeting the level 3350 point, which constitutes the 50% of...

Gehad_Abouelela

last Thursday, EGX30 witnessed a buying pressure after testing the support that lies at 17750 point, which increases the importance of that support. The major resistance lies at 18143 point, which is the level that the EGX30 needs to break it to above, to confirm the continuation of the major uptrend on medium term basis, which will trigger a new buying signal...