🚀 Idea Type: Long / Bullish Continuation
📈 Timeframe: Daily (1D)
Technical Setup
Pattern: Clear Cup and Handle formation on the daily chart AMOC_2026-06-01_13-29-03.png.
Trigger: Looking for a decisive daily candle close above 8.43 EGP to confirm the handle breakout.
Indicators: Volume has dried up constructively on the descent. RSI (49.25) and MACD are compressed near mid-lines, primed for an upside momentum shift.
Trade Execution Strategy
Entry Zone: 8.40 - 8.45 EGP (Best confirmed on a daily close above 8.43 EGP)
Take Profit: 9.90 EGP (Pattern depth measurement projection)
Stop Loss: 6.70 EGP (Placed below major ascending structural support)
📈 Timeframe: Daily (1D)
Technical Setup
Pattern: Clear Cup and Handle formation on the daily chart AMOC_2026-06-01_13-29-03.png.
Trigger: Looking for a decisive daily candle close above 8.43 EGP to confirm the handle breakout.
Indicators: Volume has dried up constructively on the descent. RSI (49.25) and MACD are compressed near mid-lines, primed for an upside momentum shift.
Trade Execution Strategy
Entry Zone: 8.40 - 8.45 EGP (Best confirmed on a daily close above 8.43 EGP)
Take Profit: 9.90 EGP (Pattern depth measurement projection)
Stop Loss: 6.70 EGP (Placed below major ascending structural support)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.