ACGC violated with seven month highest volume the EGP3.80 horizontal resistance was the upper barrier of ascending triangle. We thought ACGC is heading north toward EGP4.10 as first target then EGP4.35 as second target. Decline under EGP3.75 could be used as stop loss limit for short-term trader.
هناك تعليقان (٢):
Dear Dr Ibrahim,
i Like your simple Analysis.
Also i can see small inverted Head & Shoulder
Left Shoulder at day 10- 6- 2010
Head at day 4- 7 - 2010
Right Shoulder at day 20 - 7 - 2010
our Break out done at day 26-7-2010
with target 4.17 EGP
Regards
Mohamed Nagi
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