#EFIH Egyptian stock

Jan 10

#EFIH time frame 1 DAY
Created Gartley Bullish pattern ,
Entry level at 18.65 to 18.45
Stop loss 17.45 ( estimated loss - 7.20% )
First target at 20.66 ( estimated profit 10% )
Second target 22.50 ( estimated profit 21% )
Third target 24 ( with profit 28% )

MACD show positive diversion that is may support our idea

NOTE : this data according to time frame I DAY , it`s may take period up to 3 months to achieve targets , you must study well the Alternative opportunities before invest in this stock .
In addition EGX30 is negative.

Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing
Thanks and good luck

Feb 11

Trade active

although the prices closes under stop loss but there is positive diversions at MACD and RSI by volume lower than the usual , last stand 16.35 Because it represents FIP 1.13 on a daily bases for the currant pattern , if prices still going down may go to 15.20 and 12.40 .
Conclusion :
positive diversion on MACD
positive diversion on RSI
may this indicators support the prices at this point and made a price action to the targets with final stop loss at 16.35
thanks and good luck
Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing