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$EGX:ESRS EGX:ESRS The uptrend started from the bottom of last October at a price of 13.02, then hit the 90-degree angle at a price of 17.63. The stock then rebounded from the 45-degree sub-angle and resumed its rise. The 90-degree angle was broken, making it the best buying area. The target of the uptrend cycle was 31.45, which is the 360-degree angle that the stock achieved and rebounded from. Then it resumed its rise to enter a new uptrend cycle, whose first targets were the 450-degree angle that the stock achieved early on. It continued its early rise to achieve two new targets, which are the 540 and 630 angles continuously. All this early rise supports the stock’s decline downwards, which happened, then the stock resumed its rise to complete its cycle. The stock broke the 450-degree angle at a price of 36.06 upwards, which is the best buying area when broken. The rest of the targets and supports are shown in the drawing. The success of this pattern depends on the stock staying within the channel and not breaking the angle downwards and achieving its targets on time. The information and publications are not intended to be or constitute any financial, investment, commercial or other types of advice or recommendations provided.
ELong
by xxehab5xx
ABUK Long Term Fibonacci Retracement.What Are Fibonacci Retracement Levels? Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
EGX:ABUK
by Magic_xD