AMOC Egypt has a good trading opportunity to 8.9
Daily chart
The stock
AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9)
Technical indicators RSI and MACD are supporting the bullish view.
Closing above 9.0 for 3 days, the target will be 10.5
Closing above 10.9 for 2 weeks, the target will be 12
Below line S is considered a stop loss level, as the next down target will be 6.0
Note: Always keep a profit protection level, and raise it as the price goes up.
The stock
AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9)Technical indicators RSI and MACD are supporting the bullish view.
Closing above 9.0 for 3 days, the target will be 10.5
Closing above 10.9 for 2 weeks, the target will be 12
Below line S is considered a stop loss level, as the next down target will be 6.0
Note: Always keep a profit protection level, and raise it as the price goes up.
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