#EMFD time frame 1 DAY
Created Gartley Bullish pattern ,
Entry level around 6.45
Stop loss 5.90 ( estimated loss - 8% )
First target at 7.35 ( estimated profit 13% )
Second target 7.85 ( estimated profit 22% )
Third target 8.25 ( with profit 27% )
MACD and RSI show positive diversion that is may support our idea
NOTE : this data according to time frame I DAY , it`s may take period up to 3 months to achieve targets , you must study well the Alternative opportunities before invest in this stock .
In addition EGX30 is negative.
Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing
Thanks and good luck
Created Gartley Bullish pattern ,
Entry level around 6.45
Stop loss 5.90 ( estimated loss - 8% )
First target at 7.35 ( estimated profit 13% )
Second target 7.85 ( estimated profit 22% )
Third target 8.25 ( with profit 27% )
MACD and RSI show positive diversion that is may support our idea
NOTE : this data according to time frame I DAY , it`s may take period up to 3 months to achieve targets , you must study well the Alternative opportunities before invest in this stock .
In addition EGX30 is negative.
Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing
Thanks and good luck
Note
first target achieved Trade active
First , second and almost third targets was achieved , NOTE : PRICE NOW IS 8.08 AND higher price was 8.16 .new targets in case of prices closed weekly higher than 8.50 as follow :
T1 = 9.05 by profit 6.60% from 8.50 EGP
T2 = 9.65 by profit 13.50% from 8.50 EGP
T3 = 10.25 by profit 20.80% from 8.50 EGP
T4 = 11.10 by profit 31.00% from 8.50 EGP
stop loss will be 8.50 on daily basis ,
Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing
Thanks and good luck
Trade closed: target reached
Only for shareholders who have held the stock since February 12, after meeting all targets for the first idea and three targets for the next update by March 4, there remains just one final target at 11.10, which is easy to achieve. Good luck to all.
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.