MEPA timeframe 1 dayformatted a triangle pattern and may going to format a bearish pattern
so what we have here is , may a chance for new trend spicily all index ( EGX30 and EGX70 ) achieved higher heigh.
anywhere we don't invest by emotions or expectations , just reflect to stock and market actions
Current entry level: 1.25 (price closed at 1.24).
Stop loss: 1.17 (last bottom, potential loss: 7%).
First target: 1.45 (hard resistance, potential profit: 15%).
Second target: 1.56 (very hard resistance, potential profit: 23%).
Third target: 1.67 (triangle target, potential profit: 33%).
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
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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.