EGX30 1H time frame:target remains 33750 points.

١٣ مارس

EGX30 1H time frame:target remains 33750 points.

You will find R & S on the chart (Red& turquoise lines).
Senko Span A is upward; however; in the very near future, EGX will consolidate.
Senko Span B is flying upward. EGX30 reached the entry point where it broke out.

30461 point is a main support point.

To conclude EGX30 $ represent best value for money. This is witnessed by foreigners net sales. However trading value in EGP 5.5b EGP is equal 110M$. This is poor performance ( equal to 3.4b EGP before the devaluation)

New cash injection will drive the EGX30.
EGX30 performance for locals is similar to Las Vegas Circus Circus but for foreigners is Walmart, low cost supermarket.

New cash will be injected. All stocks are cheap in EGP,and Best Buy in USD.

in sha’a Allah tomorrow, Market will rebound.