Long
Recap Egypt has bullish indicators
Daily chart,
I expect the price $EGX:REAC will continue to form a triangle chart pattern.
Technical indicators RSI and MACD are positive, and showing a bullish movement - i.e. A soon breakout
However, I think after a rally of 7 consecutive green candlesticks, a minor correction should happen to test the support line S.
Then, a rebound to test the upper resistance line R. The breakout can be around 8.50 - 5.45
After crossing R (and stabilizing for 2 days with high volume), the target will be 10.90 passing through a resistance level at 9.35
Stop loss below 8.40 should be considered.
2nd Scenario: Direct crossing up, no correction, and the target will be 11.25
Raise the stop loss / profit protection level as the price goes up.
I expect the price $EGX:REAC will continue to form a triangle chart pattern.
Technical indicators RSI and MACD are positive, and showing a bullish movement - i.e. A soon breakout
However, I think after a rally of 7 consecutive green candlesticks, a minor correction should happen to test the support line S.
Then, a rebound to test the upper resistance line R. The breakout can be around 8.50 - 5.45
After crossing R (and stabilizing for 2 days with high volume), the target will be 10.90 passing through a resistance level at 9.35
Stop loss below 8.40 should be considered.
2nd Scenario: Direct crossing up, no correction, and the target will be 11.25
Raise the stop loss / profit protection level as the price goes up.
Trade ativo
The stock symbol was changed to NARENota
New symbol: NARE on EGX Egypt
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.