RAYA Egypt may go bullish towards 5.30 !Weekly chart,
I see a pre-formation of a widening rising wedge pattern, and the stock EGX:RAYA is preparing to go on a bullish movement towards the upper line R
There is a very strong resistance level at 3.00, then resistance levels at 3.60 and 3.74
(At each resistance level, be careful with your profits!)
The technical confirmation is closing 2 weeks above 2.45 for a new entry (buy)
Long Term Targets 4.00, 4.30, 4.50, 5.00, 5.30
Note: Stop Loss should be considered below 2.30 - 2.27
