🎯 Idea Overview
EGX:
MEPA
Daily Chart
Current Price: 1.69
Bias: Bullish Neutral (Consolidating above structural support)
🔍 Technical Analysis
Rounded Bottom Structure: The chart shows a prominent macro rounded bottom pattern (dashed cyan line) that bottomed near 1.15 and has recovered constructively.
Trendline Support: Price is currently consolidating down toward a well-defined ascending support line (solid red line labeled "Stop Loss"). The current price of 1.69 sits directly at this confluence zone.
MACD: The blue line remains below the orange signal line following the pullback from 1.84, but bearish momentum is beginning to flatten.
RSI (14): Currently at 51.67. It is holding above the neutral 50 line and respecting a clear ascending support trendline (solid red line), confirming underlying strength.
🛠️ Trade Setup
Entry Zone: 1.65 – 1.70 (Near dynamic trendline support)
Target 1: 1.84 (Recent swing high)
Target 2: 1.97 – 2.02 (Prior structural peaks)
Stop-Loss: 1.58 (Daily close below the red trendline)
EGX:
MEPA Daily Chart
Current Price: 1.69
Bias: Bullish Neutral (Consolidating above structural support)
🔍 Technical Analysis
Rounded Bottom Structure: The chart shows a prominent macro rounded bottom pattern (dashed cyan line) that bottomed near 1.15 and has recovered constructively.
Trendline Support: Price is currently consolidating down toward a well-defined ascending support line (solid red line labeled "Stop Loss"). The current price of 1.69 sits directly at this confluence zone.
MACD: The blue line remains below the orange signal line following the pullback from 1.84, but bearish momentum is beginning to flatten.
RSI (14): Currently at 51.67. It is holding above the neutral 50 line and respecting a clear ascending support trendline (solid red line), confirming underlying strength.
🛠️ Trade Setup
Entry Zone: 1.65 – 1.70 (Near dynamic trendline support)
Target 1: 1.84 (Recent swing high)
Target 2: 1.97 – 2.02 (Prior structural peaks)
Stop-Loss: 1.58 (Daily close below the red trendline)
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.