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COMI

Multi timeframe analysis weekly, two days, daily, hoWeekly, 2 days, and daily timeframes are still uptrending. Unfortunately, there are some hiccups on lower timeframe. The five minute timeframe suggests that we are consolidating below red kumo. Analysis is based on Ichimoku, and Elliot waves. Confirmation is done by other indicators such as MACD, stochastic RSI, OBV, and RedK Everex. Watch the video idea to have the full picture of the stock under analysis. Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in stocks, and might involve risk of loss. Loss of principal is possible. Investors should note that past performance is not a guarantee of future returns. The investment value may be affected by market fluctuations. The stocks mentioned here are not equivalent to, nor should it be treated as a substitute for, time deposit or any other form of saving deposits. Investment in the securities of smaller companies can involve greater risk than is generally associated with investment in larger, more established companies that can result in significant capital losses.
EGX:COMILong
by ICHIMOKUontheNILE
Ras Hikma impact on EGX30the rule of thumb in the EGX30 ... buy on RUMOURS, and sell on the NEWS. Rumors started on Jan 31st, Ras Hikma project is worth 45Bn USD, and Emiraties areIN. Yesterday, the Rumors became solid fact, Egypt prime minister announced the signing of the contractual agreement live on national television. The deal is worth 35Bn USD. The USD/EGPp on investing.com dropped almost 19%. However, the market sentiment is the key success factor for every single stock. A repeat scenario of January 31st probabilities are above average.
EGX:COMI
by ICHIMOKUontheNILE
COMI in rally leading the EGX 30the Commercial International Bank (COMI) is leading the EGX 30 with weight of 26.21% to a historical high points that was not been reached before. We can see from the chart that still having a potential rally after breaking the level of 58. However, the volumes is low and the rally to the uptrend is not as sharp as before. It is moving in an uptrend channel, not that perfect, but giving a close view in the short term. It is expected to continue in it's direction reaching new levels around 75. on the other hand, if the stock returned below the 58, it will fall dramatically to the next level around 47.5, and may continue to 40. According to the economical data and the current situation in the region, specially the war in Gaza, we can not say that or predict the time that we can say that the EGX30 reached it's peak, so I recommend the investors to keep in consideration the risk ratio and distribute the portfolio on several stocks with a suitable risk management.
EGX:COMILong
by Joseph_Rofael