Asek Mining to target 75 then 94 - long termWeekly chart, the stock EGX:ASCM is trying to beat the resistance line R1 in the long pennant pattern.
Technical indicators MACD and RSI are positively signalling a formation of an uptrend.
Stabilizing above 45 for 2 weeks, the price should target 75 extendable to 94, a s a long term target.
Note the stop loss and profit protection levels - Raise as the price goes up!
El Arabia Engineering (EEII,EGX): uptrend to 1.8 then 2 and 2.5Weekly chart, the stock EGX:EEII is supposed to continue trading in the rising channel and test the resistance line at around 1.80
Trading for 2 weeks above 1.80, the target will be 2.50 - 2.55 passing through a resistance zone at 2.00 - 2.10
Technical indicators MACD and RSI are supporting this positive view.
Note: Stop loss below 1.24, and to be raised along with the rising price.
ADPC Profits jump 193% and the stock will rise to 3.4The stock continued to rise to the 2.20 level in a very significant way and soon returned to the 2.06 level and it became support. During the current two weeks, the stock is likely to test the 2.15 level, followed by 2.20, 2.45, 2.60, 2.9, and 3.10.
BIOC A safe and excellent opportunity by all standardsWhat the global atmosphere is witnessing is the escalation of the new monkey epidemic, and also the raising of drug prices in Egypt by a decision of the Egyptian Medicine Authority.
Entering the diverse winter season can be more difficult than summer
is a paradise for Egyptian pharmaceutical companies listed on the Egyptian Stock Exchange
From my personal experience, I exited gold today on the date of publication of this theory, and tomorrow I will buy an amount of shares amounting to 10 thousand shares.
I put this process into history for success or otherwise, and I hope to achieve 25 to 30% returns on that money.
EMFD Amazing results and a chance to make 20% profits within twoAfter we received the company’s business reports for the second quarter, we noticed an increase in the company’s profits by more than doubling, and this is due to the merger that took place in the company.
Personally, I am a very low level entrant into the company and I do not plan to exit it in any way before 7 years from now.
This is what you play in the Ras Al-Hikma deal
But let's go back to the chart and show that the night burns upward, which is what we need. I expect the share price to reach 7 pounds this week and 7.5 next week.
Mtie Market Maker MapHello Dear Traders,
Decrypting The Algos!
Important Levels
On the Chart, "Horizontal Lines" are Based on Gann Square of 9. They work as Support/Resistance. Watch for Price action around those levels.
Jinny Gann Grid
Vertical lines work as timelines. Expect Reversals around them.
Next Near Resistance: 6.69 then 7.30
Near Support: 6.06 then 5.46
How to Read the Chart?
Zoom in to the Current Price! and see where the support and resistance are on the date you are checking the chart.
Wish you Best of Luck!
Investment and speculation oppo
The last closing low on the daily chart will be at the level of 1.19: 1.2 approximately on 5/8/2024 and the last closing low at the level of 1.03: 0.99.
By breaking the first low during last week's session and the price reaching the second support area, it is expected in the event of an upside, as shown on the chart, to a price level of 1.242, it is the view of reaching the price level of 1.267 and then to 1.296, Allah God willing.
In the negative case, the price will reach the area of 1.211 as the first level and then 1.19 as the second level.
The fulcrum is at 1.3, so if the price continues during the next two sessions below this level, a sideways trend between 1.30 to 1.2 is likely.
Or go down to the second level I can't Allah
In all cases, the stock is trading in parts and beware of stability below the fulcrum, so the treatment of that trading is cautiously and in stages
The condition of achieving the positive probability of the rise is the stability of the news and the negative maker of the stock.
The indicators at the bottom of the screen indicate strong liquidity and an uptrend. The matter is with God before and after
This is not a simple recommendation that is not binding, but my point of view without moral responsibility or otherwise towards my sisters followers, and my goal is for good to prevail always
NAHO (Naeem, Egypt) is seen on a long-term uptrendWeekly chart,
The stock (in USD) has a long term uptrend opportunity - targeting 0.200 and 0.220, provided that the price stabilizes above 0.165 for 2 weeks.
MACD indicator is supporting this positive view.
Note: For the next week, consider the stop loss (SL) level below 0.148 for 2 weeks. Then, raise the SL level as the price goes up.
Note: Heikin Ashi chart is used to give a better trend indicator.
ICFC Important levelsHello Dear Traders,
Decrypting The Algos!
Important Levels
On the Chart, "Horizontal Lines" are Based on Gann Square of 9. They work as Support/Resistance. Watch for Price action around those levels.
Jinny Gann Grid
Vertical lines work as timelines. Expect Reversals around them.
Next Near Resistance: 11.509 then 13.268
Near Support: 9.875 then 8.369
How to Read the Chart?
Zoom in to the Current Price! and see where the support and resistance are on the date you are checking the chart.
Wish you Best of Luck!
Comi Important Levels - GannHello Dear Traders,
Decrypting The Algos!
- Important Levels
On the Chart "Horizontal Lines" Based on Gann Square of 9
Works as Support/Resistance. Watch for Price action around those levels
- Jinny Gann Grid
- Vertical lines works as time lines. Expect Reversal around them.
Next Near Resistance:84.07 Then 89.9
Near Support : 78.37 Then 72.87
How to Read the Chart?
Zoom in to Current Price! and see where is the support and resistance on that date you checking the chart ;)
Wish you Best of luck
Let's talk about OBRI- A beaten down ticker is not that attractive until the market says so.
- it is still hanging around a good entry area.
- the upside short term may be limited to 0.50 to 1 pound of gain (aka 7).
However OBRI has a history of being highly volatile, do we get that during the coming months?
CIB 84 target "overbought"with reference to RSI and resistance level 84 EGP is an overbought signal, even we are in uptrend I would say to CIB stock holder to reduce and out @ 84
the re entry level is 78
Buy only with 10% of your wallet @78 if price fall increase at 73 level
note the recommendation for medium term only and swing treader with target 10%
at 86
**this is not an advice to buy or sell
MEPA has a positive indication to test 1.53 Daily chart,the stock is showing a tendency to test the ascending resistance line R1 (touching around 1.53). Above R1, the next target will be R2 (around 1.70 - 1.72)
MACD technical indicator is supporting this uptrend.
Consider a rising profit protection level, and a near stop loss for this stock.
EMFD "Excellent performance from a great company"An Overlooked Gem in the Egyptian Market: Soaring Growth and Promising Prospects
The provided text highlights an Egyptian stock that has experienced extraordinary growth over the past year, surging by over 135% in value. The stock's fair value has also witnessed an increase from 8 Egyptian pounds to 9.5 pounds, driven by its strong financial performance in the first quarter.
The text outlines two potential scenarios for the stock's future trajectory:
Continued Uptrend: The stock could continue its upward momentum, reaching levels of 8 and 9 Egyptian pounds, with the possibility of further appreciation to even higher levels.
Retracement: The stock might experience a price decline. However, the author strongly advises against selling the stock at any price point.
Personal Experience: having held it since its price was 3 Egyptian pounds. They emphasize the stock's underlying strength and their firm belief that it will appreciate significantly in the future, even if its price drops back to 1 Egyptian pound.
BICO risen from 27 to 41 in 5 monthsRapid change with almost certain assistance from its parent company
What happened during the past period is like a miracle. The company transformed after the first quarter results showed huge losses and embezzlement charges that resulted in restructuring.
After the distribution of closed dividends per share was suspended at 0.75 until liquidity was available, and liquidity was available quickly. I believe that financing was provided by the parent company in exchange for an export share and benefiting from the currency difference after the delay in the Medicine Authority’s decision to move the exchange rate.
The pending dividends were issued to shareholders and we await the second-quarter results, which look promising
I expect the stock to rise to 30 pounds during the month of 8, and the trend is towards 40 in January 2025.
Taqa Important levels - Gann FansHello Dear Traders,
- Important Levels
On the Chart "Horizontal Lines" Based on Gann Square of 9
Works as Support/Resistance. Watch for Price action around those levels
- Jinny Gann Fan / Fan R
- Vertical lines works as time lines. Expect Reversal around them.
For Today
Support : 11.91 - 11.37
Resistance :12.46 - 13.6
Wish you Good Luck Trading.
DOMT "Billionaire revenues and profits that are a joke Q1 financials. Revenue is up 2.1 billion Egyptian pounds, but profits are down compared to the last 10 quarters. The company blames flat product prices while raw material costs are skyrocketing. Seriously, what's the deal? Are they just waiting for us to tell them to raise prices or cut costs? If they're asking for my advice, I'd say they need to get their act together. Oh, and by the way, the full H1 report is coming out in two weeks, so stay tuned.