Egyptian Real Estate Group
No trades
Market insights
AREH is not showing promising signals yet for a breakout but if For good signals consider the following:
RSI should pass 50
Cross up the sideways pattern since the 10th of January.
When cross 1.2 it will have strong resistance from the (1.24 : 1.3) range
AREH is targeting 1.28 extended to 1.42 and 1.47Daily chart, AREH has almost formed a chart pattern that pushes the price to 1.28 extended to 1.42 and 1.47 - passing through resistance level at 1.10
Pattern confirmation above 1.01
Stop loss at 0.93
AREH Still In DowntrendHello, according to my graphical analysis Of the EGYPTIAN REAL ESTATE GROUP
, there is a high probability of a drop in the coming weeks.
Egyptian Real estate (Buy at the sound of cannon)Support @ 0.83 - Probable bottom
Dr. Tarek Gadallah
