ALCN sending confusing signalsALCN sending confusing signals
-Why?
-watch Idea video
Narrative in Arabic
FYI: ALCN plays me usually
ALCN
ALCN: Being Bullish isnt enoughthe beginning of post-devaluation ERA ...
ALCN closing price is almost VWAP price 5M.
Positive outlook confirmed by different indicators.
Details is presented in the video
ALCN: BULLISH Signals on 5M time frameon the verge of Bullish TK cross, CHIKOU SPAN, REDK EVEREX, & Adaptive MACD confirming the breakout.
The devil lies in the details.
EGX30: Accumulation Phase didn't end yet ....EGX30: Accumulation Phase didn't end yet.
$ & Value Stock will lead.
EGX30 heading for a fallCOMI, MFPC, ABUK, ALCN, AMOC, SKPC, BINV, EGCH, & sugar are the main drivers for the fall.
Traders' sentiment is to trade in strong balance sheets with solid fixed assets as well as avoiding trading in MYX:REVENUE stocks.
EGX30 is heading toward 26,600 points to end this correction or the correction will end as soon as FLOATING the EGP.
ALCN BEARISHComplete analysis on 1D, 1-4 Hours, 30 min, 15 min, and 5 minutes timeframes.
Downtrending and heading to reach 48EGP.
USD/EGPp is downtrending as well.
Intraday trading opportunity ALCN is listed on CASE. ALCN is currently consolidating even though it is forward trending. Combining SMART MONEY CONCEPT, FVG, and Ichimoku Kinko Hyo outlined a potential intraday trading opportunity as well as medium term.
The video narrative is in Arabic language channeled toward Arabic speakers CASE traders.
Disclaimer: this is not an investing proposal but a forward thinking analysis that might be right based on the market dynamics.
ALCN has a nice MACD signalDaily chart, Alexandria Containers (ALCN) has the MACD indicator crossed up the zero line and positively the stock has a bullish movement towards 44.6, then to test the resistance at around 46.3
Closing above resistance line will activate the target 55.6
