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Analysis of EGX30 Performance on H1 Time Frame The EGX30 results appear promising on initial examination. However, it is important to note that the Simple Moving Average (SMA) over 200 days is currently at 23,900 EGP. This level is critical, as it is required to motivate market makers to begin repurchasing their hedges. As long as the index remains above(Weeklly...

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he market’s three-week winning streak is all over after yesterday’s epic plunge, but stocks regrouped on Friday and managed to get back some of those hefty losses. It was a volatile session that saw the Dow soar by more than 800 points early before giving it all back. However, it finished with a rise of 1.9% (or about 477 points) to 25,605.54. The index lost more...