RMDA faces strong resistance at 2.5

٢٧ مايو

The chart shows strong resistance for Monday at the 2.5 level that cannot be broken, and there is a lack of desire from the market maker to break this level. Support is expected at the 2.29 level. The expected scenario is that the stock will move sideways for the rest of the trading week until a "flag" is formed, after which it will break the 2.5 level and soar to the 2.8 level. This is expected to happen in August before the dividend distribution, which is expected to be 0.067 per share.

٢٨ مايو

ملاحظة

Resistance has been broken
Due to the political tensions that affected the stock market in general
I recommend selling if things get worse than bad
Follow the local news that reports the situation in Rafah. If the smoke increases, sell before the flame appears