EGX 30 Downtrend I believe EGX on Down Trend unless there's is a major shift in market structure or Economic situation
Egx 30 Egyptian stock As appearing on the chart
EGX30 has made ab=cd pattern
That's give it 2 low targets
1- 29630 ( done then made a little correction )
2- 28057 up to 27500 ( in progress )
In addition MACD appears negative diversion
Lower bottom than the previous although egx30 show the opposite
Note : This vision a
EGX30 analysis..-A sideways movement tending to the downside is expected this week.
-Note that it is a head and shoulders pattern with a bearish target. The lower limit of the ascending price channel, specifically the area 30833 to 30793. There is no need to worry, it is simple speculation in the upward direction
Comprehensive EGX30 Analysis (Sept 8, 2024)
Given the current market conditions, we’ll integrate a detailed analysis of EGX30 using a variety of technical indicators: Price Action, Ichimoku Cloud, Bollinger Bands, ATR (Average True Range), Support & Resistance, Cash Flow, PVT (Price Volume Trend), and the Law of Diminishing Returns. Let’s g
EGX30 Possible Scenarios EGX30 Possible Scenarios :
1. Bullish scenario following the blue lines.
2. bearish scenario following the black lines.
EGX30 Bullish ScenarioEGX Bullish after reaching 31000 the current scenario targeting 39.500 Fibo 1.618
EGX30 is at a critical targetFib trend-based extension from June till July target 31,200
It can drop to 29,600
EGX30 may correctsimple as mentioned in title
i feel EGX30 will correct soon
it is good idea to reduce Whight and reentry level 28500
you know me this is not advice to buy or sell
EGYX 30 uptrend, nevertheless counter trend is ready to launch with reach to 30,000 points the EGX 30 may need to take a break before the breaking 30,000 level.
the trend momentum is not too much strong.
for short traders in the markets profit taking and re-entry from lower edge of the uptrend channel
for medium term hold
the above is not advice for trading
sell mode for EGX30waiting for buying signal near 26300 then, while volumes is not good, so care is needed
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current value of EGX 30 Index is 30,628.700 EGP — it has risen by 0.07% in the past 24 hours. Track the index more closely on the EGX 30 Index chart.
EGX 30 Index reached its highest quote on Mar 11, 2024 — 34,501.898 EGP. See more data on the EGX 30 Index chart.
The lowest ever quote of EGX 30 Index is 445.530 EGP. It was reached on Jan 28, 2002. See more data on the EGX 30 Index chart.
EGX 30 Index value has increased by 1.03% in the past week, since last month it has shown a −0.51% decrease, and over the year it's increased by 24.52%. Keep track of all changes on the EGX 30 Index chart.
The champion of EGX 30 Index is EGX:SWDY — it's gained 227.57% over the year.
The weakest component of EGX 30 Index is EGX:MFPC — it's lost −32.85% over the year.
EGX 30 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy EGX 30 Index futures or funds or invest in its components.
The EGX 30 Index is comprised of 32 instruments including EGX:COMI, EGX:SWDY, EGX:TMGH and others. See the full list of EGX 30 Index components to find more opportunities.