The EGX30 index is performing well, though it will probably face some resistances. It's likely the EGX30 will fill the gap and could rise to 31,200. A closing price near that level would break the downward trend. Then, with strong upward movement from hitting the 61.8% Fibonacci retracement level, it might retest 32,480, potentially reaching a target of 32,900.
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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.