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EGX 30 Index

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EGX30 trade ideas

EGX30 1H time frame:target remains 33750 points.EGX30 1H time frame:target remains 33750 points. You will find R & S on the chart (Red& turquoise lines). Senko Span A is upward; however; in the very near future, EGX will consolidate. Senko Span B is flying upward. EGX30 reached the entry point where it broke out. 30461 point is a main support point. To conclude EGX30 $ represent best value for money. This is witnessed by foreigners net sales. However trading value in EGP 5.5b EGP is equal 110M$. This is poor performance ( equal to 3.4b EGP before the devaluation) New cash injection will drive the EGX30. EGX30 performance for locals is similar to Las Vegas Circus Circus but for foreigners is Walmart, low cost supermarket. New cash will be injected. All stocks are cheap in EGP,and Best Buy in USD. in sha’a Allah tomorrow, Market will rebound.
EGX:EGX30
by ICHIMOKUontheNILE
Target is 33314 pointsEGX30 is trading above green kumo. Chikou span is downward. Red Long wick. Senko Span A is up trending. Senko Span B is plateau. Target is 33314 points. However, hickups are FVG related. You can discover it in the 1H chart. EGX30 1H time frame:target remains 33750 points. You will find R & S on the chart (Red& turquoise lines). Senko Span A is upward; however; in the very near future, EGX will consolidate. Senko Span B is flying upward. EGX30 reached the entry point where it broke out. 30461 point is a main support point. To conclude EGX30 $ represent best value for money. This is witnessed by foreigners net sales. However trading value in EGP 5.5b EGP is equal 110M$. This is poor performance ( equal to 3.4b EGP before the devaluation) New cash injection will drive the EGX30. EGX30 performance for locals is similar to Las Vegas Circus Circus but for foreigners is Walmart, low cost supermarket. New cash will be injected. All stocks are cheap in EGP,and Best Buy in USD. in sha’a Allah tomorrow, Market will rebound.
EGX:EGX30
by ICHIMOKUontheNILE
EGX30 Rally , Buy the Dip !we can know that it's trending up just by looking at HH and HL, we also know that the down wave is just a correction in an up trend so we can predict the end of the correction by several things, especially price behavior, and its behaving as a fractal to the previous corrective wave, in this case, we can be sure that a continuation to the upside is nearby, this market behavior is typical we see it all the time in trending markets, you don't have to be an expert to know that EGX30 is gonna go up and the Egyptian stock market going to start the rally in a matter of days, Enjoy ,,
EGX:EGX30Long
by ShoeIsRich
1
The Final Stretch for EGX30Since my last update, the EGX30 has precisely followed the narrative and wave counts. Right now we are headed to finalize wave 5 of the impulse. In the light of the escalating geopolitical tensions and the 2024 elections taking place in December 2023, there is a possibility for wave 5 to be much shorter than anticipated. Personally, I hope we break the 21000 EGP level first where I am taking profit on all my positions, but I am considering a soft stop loss around 17K and a hard stop loss at 15K.
EGX:EGX30Long
by amourification