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Talaat Moustafa Group HoldingTalaat Moustafa Group HoldingTalaat Moustafa Group Holding

Talaat Moustafa Group Holding

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TMG Long UpdateHey everyone, The chart shows bullish flag and held strong support at 47-48 price level. One thing that worries me is the liquidity below 47.5 (in green circle), because the price always makes big moves after a liquidity sweep, which in this case didn't happen yet. So i expect one of two scenarios that might happen, either the price will go briefly below 47 to sweep the liquidity, create a wick and move to the upside from here or the price will just breaks the trend line, retraces and then continue upwards. so my advice (do your own research before you take any position) is to DCA into position, meaning, every time the stock drops 1 Egp, buy and increase your buying power, every time the price goes lower (example, buy 1 share at 54, 2 shares at 53, 3 shares at 52 and so on), and for all your buying positions have a stoploss at 45 EGP.
EGX:TMGHLong
by JOEXYZzz
5
TMGH's Current Peak ZoneTMG Holding trend has reached its peak zone at the resistance line 55.661. Historically, it is expected to rebound to the support line at 55.2, then the support line at 54.987 and 54.916. In conclusion, it increased by 0.09% due to TMGH signing a memorandum of understanding to develop a new large-scale mixed-use project on a 14 million sqm plot, as part of its regional expansion strategy focused on replicating its integrated city model in Middle Eastern markets, as per a disclosure, regarding negotiations with local Iraqi authorities, is expected to include approximately 46,000 mixed-use units. It will focus on high-quality housing, smart infrastructure, and sustainability.
EGX:TMGH
by RowaynaAhmed
TMGH Rebound ExpctationTMG Holding trend has reached its downward zone at the support line 51.142. In case of a rise, it is expected to breach the resistance line 51.233 and reach the resistance line at 51.625 points, then reach the third resistance line at 51.777 points. This upward direction is expected due to TMGH signs MoU For Development of New Large-Scale Mixed-Use Project In Iraq, which is expected to generate total sales of $17 Billion, and income of $1.5 Billion per annum upon project completion. In case of falling, it's expected to break the 1st support line at 50.961 points, then the second support line at 50.900, then the third line at 50.779.
EGX:TMGH
by RowaynaAhmed
TMGH Trend Line Rebound AnalysisTMG Holding trend is still in a downward zone, but rebounded at the support line 52.019. In case of a rise, it is expected to breach the resistance line 52.472 and reach the resistance line at 52.805 points. In case of falling, it's expected to break the 1st support line at 51.535 points, then the second support line at 51.475, then the third line at 50.779, which is fundamentally not a preferable expectation because of the Omani Ministry of Housing and Urban Planning signing a $4.7 Bln real estate deal with TMGH. For developing two real estate projects spanning 4.9 million square meters, to deliver around 12.9 thousand residential units. In addition, the combined sale value of units is projected at $4.7 billion.
EGX:TMGH
by RowaynaAhmed
TMGH Trend Analysis TMG Holding trend is still in its neutral zone, reflecting bearish dominance over the bullish. In case of rising, it's expected to reach the resistance line 53.198, the second resistance line 53.228, then the third at 53.47 points. In case of falling, it is expected to reach the support line 52.956, the second support line 52.775, then third support line 52.684, but fundamentally it's a far expectation because of TMGH Q1 net profit after tax is EGP 4.42 Billion versus EGP 4.14 Billion year ago. Secondly, revenue was EGP 9.43 billion versus EGP 6.79 billion a year ago. Thirdly, outstanding real estate sales of EGP 77.2 billion. Fourth, the group's backlog amounted to EGP 350 billion.
EGX:TMGH
by RowaynaAhmed
TMGH Neutral Zone AnalysisTMG Holding trend is currently in a neutral zone, which supports the EGX30 zone analysis, reflecting the investors' wait for updates to orient them on which trend to prepare for, whether buy or sell. In case of rising, it's expected to reach the resistance line 54.044, breaching it depends on the future news. In case of falling, it is expected to reach the support line 52.573, but fundamentally it's a far-off expectation according to its current state among the upcoming summer season and its widening ads.
EGX:TMGH
by RowaynaAhmed
TMG Holding Fundamental and Chart AnalysisTMG Holding trend has recently taken an upward trend between the support line 46.873 and the resistance line 54.511, up by 0.78%. It is expected to keep rising till breaking the 1st resistance line at 54.115 and then the 2nd one at 54.423 points because of positive fundamental analysis. On one hand, the CBE's decision about cutting the interest rate by 2.25% would lead to positive impact on corporates because of the current reasons behind the economic activity, decreasing interest rate will lead to a decrease in the cost of borrowing, which will decrease the cost of production and will increase the corporates' profit and their monetary value. Accordingly, this will lower the products' price and individuals will have a higher will to diversify their investments and increase their purchasing power. On the other hand, besides the current annual advertisements about SouthMed and the summer getting closer, there is news on Reuters about an advanced stage of negotiations for a new large-scale mixed-use project in Iraq. This project is estimated to generate total sales vicinity of $17 Billion and annual recurring income exceeding $1.5 Billion.
EGX:TMGH
by RowaynaAhmed
TMG Long position updateI still believe that there is a good chance for this stock. All the signs that i can see signals bullish bais. With that last green candle, i think there is a pretty good chance for this stock to continue upwards. I assume the last push down was whales grabbing liquidity and shake out weak hands before the next leg up. If you are a conservative trader, you can wait until the price breaks above this yellow line on the chart, retest it (thats where you should open a long position), and take the trade. or if you are still aggressive enough for this trade, then stick to the SL.
EGX:TMGHLong
by JOEXYZzz
6
TMG Long Ok this chart reminds me of Gold chart before it made the latest biggest run to the north. One of the most bullish charts that i have seen lately tbh. I rate this trade 8.5 out of 10. That how high i believe it might play out very well, with at least 42% ROI. While risking 6 to 10 % of my money. that if the price reaches its all time high at 92 EGP. if that target hits, i will update the chart to see what the next target should be, but if it takes off from here and go up north, the sky is the limit for this stock. (only if it plays out right) However, you should do your own analysis and take this analysis as a reference to your analysis. if my analysis and yours aligns, then consider taking the trade. If not, then go with your highest convection. DO YOUR OWN RESEARCH, DONT FOLLOW ANYONES ANALYSIS BLINDLY, AS YOU RISKING YOUR OWN MONEY.
EGX:TMGHLong
by JOEXYZzz
5
Backup possibilities for the next periodThe movement of repeating highs and lows from around the beginning of the year foretells the next upward movement. The correction rates after the decline represent 16%, 15%, or 11% of the last upward movement. Therefore, the stock is expected to rise to the levels shown on the chart.. Then the correction goes back down As we have been accustomed to the stock for quite some time. This expectation is supported by technical indicators, which produce bullish signals. Good luck everyone.
EGX:TMGHLong
by osamaazeezblal
Talaat Mostafa TMG is challenging!Daily chart, the stock EGX:TMGH is trading in a symmetrical triangle (for the last 72 candles). The orange dashed line is pivotal - Above 56, the price will go up to test the upper triangle's edge. Otherwise, the price will test the lower edge. Should consider a stop loss below 55 Technical indicators RSI and MACD are almost neutral. So, direction should be confirmed first, for the new entry. The targets are shown on the chart are after crossing the resistance line R, and trading above it with high volume for 2 days.
EGX:TMGH
by snour
TmghHello Dear Traders, Tmgh Important Levels on the chart (Jinny Gann square of 9 levels) Treat it as Support/Resistance . Main Up Trend-Line (Yellow Trend) Current Support 51.27 - 51.0 was Pivot/Resistance : 57 Down-Trend Channel Plotted on The chart. Cci levels -198 Indicating over Sold levels. Rsi is 39 Near Support "Near over sold" Usually around 30 Table in the Bottom left corner has some important Data . Updating old Chart by More levels and Jinny Gann Grid Wish you Best of luck Trading.
EGX:TMGH
by Magic_xD