Hey everyone,
The chart shows bullish flag and held strong support at 47-48 price level. One thing that worries me is the liquidity below 47.5 (in green circle), because the price always makes big moves after a liquidity sweep, which in this case didn't happen yet.
So i expect one of two scenarios that might happen, either the price will go briefly below 47 to sweep the liquidity, create a wick and move to the upside from here or the price will just breaks the trend line, retraces and then continue upwards.
so my advice (do your own research before you take any position) is to DCA into position, meaning, every time the stock drops 1 Egp, buy and increase your buying power, every time the price goes lower (example, buy 1 share at 54, 2 shares at 53, 3 shares at 52 and so on), and for all your buying positions have a stoploss at 45 EGP.
The chart shows bullish flag and held strong support at 47-48 price level. One thing that worries me is the liquidity below 47.5 (in green circle), because the price always makes big moves after a liquidity sweep, which in this case didn't happen yet.
So i expect one of two scenarios that might happen, either the price will go briefly below 47 to sweep the liquidity, create a wick and move to the upside from here or the price will just breaks the trend line, retraces and then continue upwards.
so my advice (do your own research before you take any position) is to DCA into position, meaning, every time the stock drops 1 Egp, buy and increase your buying power, every time the price goes lower (example, buy 1 share at 54, 2 shares at 53, 3 shares at 52 and so on), and for all your buying positions have a stoploss at 45 EGP.
Transaction en cours
We are mooning boys. Told you so Trade fermée: cible de profit atteinte
take 50% here off the table boys. But i think it will continue to move up north. But no one goes broke taking profits, you know. Note
if you held that long. Congrats :D
JOEXYZzz
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JOEXYZzz
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.