MEPA - real action - risky but may achieved new levels EGX:MEPA timeframe 1 day
formatted a triangle pattern and may going to format a bearish pattern
so what we have here is , may a chance for new trend spicily all index ( EGX30 and EGX70 ) achieved higher heigh.
anywhere we don't invest by emotions or expectations , just reflect to stock and market actions
Current entry level: 1.25 (price closed at 1.24).
Stop loss: 1.17 (last bottom, potential loss: 7%).
First target: 1.45 (hard resistance, potential profit: 15%).
Second target: 1.56 (very hard resistance, potential profit: 23%).
Third target: 1.67 (triangle target, potential profit: 33%).
Its not an advice for investing only my vision according to the data on chart
Please consult your account manager before investing
Thanks and good luck
