Opportunity of long position when cross 0.747EGP as a confirmation , target of double bottoms is 0.881EGP and stop-loss can be ~0.63EGP
Th believe ELSH will break the coming resistance lines, and if it breaks the 1st target you can buy to get the 2nd and 3rd target
ZEOT is expecting to reach start a downswing if it didn't break the 2.5EGP Level, going back to 2 EGP and stop-loss should not be lower than 1.9 EGP
expected reversal if it didn't break the 11EGP level, it may reach the ~8EGP Level
For daily and Swings traders, Ezz steel is in a downtrend pattern facing many resistances downward, can be a short-selling opportunity for the short-term but once it crossed up 12.40EGP target it can be reversed to an uptrend, but for now it is a downtrend for a while
we can buy when buy cross 2LE and 1st target is 2.25LE, Stop loss can be 1.78LE
Just a simple analysis for a short-term target (4.12EGP)
simple analysis for this stock and it seems there is a 13% up chance
First Target is 0.536EGP as we are having a strong resistance there, so we can sell half and try to catch the 2nd target of 0.573EGP (that's the highest point in the downtrend started 14 Dec.), The risk/reward ratio is 0.8-0.85 that's why i see it risky, but why not!! you can paper-trade it anyway to see the results and regret or celebrate later xD My Analysis...
it seems that AL Hammady will jump to 31.75SAR in the next couple of days, and it is a uptrend for longterm investment
A very short term catch for daytraders or short swing trader. I believe this is not the best entry, may be catching the short trend, so a very risky long position is taken.
I think RAYA is going to increase reaching good levels (2.8 EGP) and (3.36 EGP) in short term (~2 days) and (~10 days)