COMÍ Resistance and Support This is not a financial advice, but only a personal opinion
Since my last prediction and trend analysis was accurate thanks to god first,
I assume since it stabilized over the 50.834 which was the previous resistance, the next resistance will be @ 51.870 and possibly 52.491.
The stronger support is @ 49.382 and @ 47.96
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Ascending Triangle PatternAs you can see the the graph forms an ascending triangle pattern and it has now stabilized above the last support of 6.65.
If it continues to go down the second support will be over 6.589. However an ascending triangle may imply bullish so if it continue to stabilize over the 6.589 this is a possible bullish up to the 1st resistance @ 6.85 and 2nd resistance @ 7.25
Egyptian Kuwaiti Holding - EGP EGX:EKHOA
Egyptian Kuwaiti Holding has reversed around 34 EGP to continue the uptrend again supported by Stochastic-RSI indicator and last day candle close above previous close.
Also we have clear inverted head and shoulders pattern.
Expected to go up to 38 EGP before the next correction.
MepaLooking at the Important Trendlines.
Possible resistance and support Levels on The Chart.
Near Term, Breaking and Stabilizing above .327 is good to go to next levels.
Near Support : .288
long term Investment.
Previous bottom Considered Support waiting for a Double bottom if retouched would be great buy and stop Under .18 for
Amoc Long TermSchiff Pitchfork
The Schiff Pitchfork is a drawing tool used in technical analysis that is derived from the standard pitchfork. There are three basic components of a standard pitchfork. There is a center median line (trend line) as well as two more sets of lines above and below that median line. The additional lines are set a specified number of standard deviations away from the median. Where the Schiff Pitchfork differs is that its origin's location is modified from a standard pitchfork. The Schiff Pitchfork's origin is located at 1/2 the vertical distance and 1/2 the horizontal distance between the high and low points (first two points set).
A Schiff pitchfork (just like a standard pitchfork) is created by first drawing a trend line between two extreme points. A third point is then set either above or below the second point depending on the analyst's desired Schiff Pitchfork location. Keep in mind that the default Schiff Pitchfork setting calls for two additional sets of lines to be drawn. Tradingview allows for up to 9 sets of lines to be added. If additional lines are added, the user can save this setup as a template for later use.
The basic idea behind the use of a Schiff Pitchfork and a standard pitchfork is that it essentially creates a type of trend channel. A trend is considered active as long as price stays within the Schiff Pitchfork channel. Reversals occur when price breaks out of a Schiff Pitchfork channel.