#RAYA Egyptian stock - great opportunity - great fundamental.

28 Oca

#RAYA time frame 1 DAY

Created Gartley Bullish pattern , also there is positive diversion at RSI ( may that support our idea ) as follow :

Entry level around 2.70
Stop loss 2.55 ( estimated loss -5.50% )
First target at 3.00 ( with profit around 10% )
Second target 3.30 ( with profit around 20% )
Third target 3.50 ( with profit 28% )

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 .

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

11 Şub

İşlem aktif

although the prices closes under stop loss but there is positive diversions at MACD and RSI by volume lower than the usual , last stand 2.42 Because it represents FIP 0.618 on a weekly bases , if prices still going down may go to 2.00 up to 1.66
Conclusion :
positive diversion on MACD
positive diversion on RSI
correction on weekly bases at FIP 0.618 = 2.42
may this indicators support the prices at this point and made a price action to the targets with final stop loss at 2.42
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