MOED broke a downtrend and aims for 0.468.MOED broke a downtrend and aims for 0.468. A price gap at 0.406 might close first. Strong volume suggests a 9% rise is likely.
Egyptian Modern Education Systems
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Market insights
MOED Egypt has a potential for a breakout 0.469 / 0.520 / 0.54130-min chart
The stock EGX:MOED is trading in a falling wedge between R and S lines, and may form a bigger pennant pattern.
We need a confirmation, after closing 3 candles above 0.425, then the target will be 0.469
Above 0.470 for 3 candles, the next target will be 0.520 - extended to 0.541
Consider a near stop loss - and note the important support line at 0.400
MOED is targeting 0.442Monthly chart, MOED has formed a double bottom pattern, the target is 0.442, extending to 0.510
MACD indicator crossed the zero line upwards: positive signal
Stop loss below 295
Fake breakout .. prices will reflect again We are in selling area right now .. best prices to sell this share are recent price and 0.19L.E also .. Don't worry we will buy again after the expected pullback .. happy weekend for all
