ShortShort
LAND UptrendThe Obour Land share, the stock is moving sideways in a narrow range between the support level 8.50 EGP and the resistance level 9.10 EGP, and the stock is expected to rebound towards the upper limit of this move during this week’s trading.
Short
BKG (BERKELEY GROUP HOLDINGS) go long for target 3955BKG (BERKELEY GROUP HOLDINGS) has recently bounced from 50 EMA twice and is now looking set to reach a target 1 of 3955. Target 2 is 4240. Stoploss levels are 3750 and 3670. Exit the half the stock if it falls below 3750. Exit full if it falls below 3670.
Long
BAG : UK : SWING TRADING : LONG : 800-825 levelsAs per my wave analysis, trend line and Fibo - I believe the price action for this stock will move Long after a small correction..
Long
GENL - GOOD Breakout - The Game is OnGreat recent push higher has now got the GENL chart the attention its deserves.
As things stand, a potential short term pull back to deal with breakout, then a good push higher.
Best to watch price action but guage for 180 to 200, then potential sideways movemnt while the market digests the recent changes, ultimately it looks like it could reach 250 in the long run.
Long
III - Correction of Types More Likely Before Next Move Higher The recent break of the 900 historical level high is a good thing, although maintaining the enthusiasm is becoming a problem with the RSI deviating quite strongly as price struggles to make mediocre higher closes.
In reality it looks like its running out of steam, added to the equation is that price is higely overextended from its means (trendline and MA's) which could pull price back through a range of zigzag corrections until it finds some strength at around 820 which is the 50% retracement of
GENEL ENERGY - Great PotentialTheres definitely something worth planning here.
BUY ZONE reasons for confluence - Rounding bottom patterm followed by recent new price highs, relatively significant trendline, good pivot zone with 100 round number, RSI over bought and EMA's starting to perform in the right order.
Plan of attack -
1. Wait for price to pull back into buy zone - around 100 (good confluence)
2. Move to candle stick charts for swing pattern or hammer entry signal
3. Trade to 140, expect some resistance as this is a
Long