Lecico Egypt has a potential to re-hit Resistance line at 29.2
Daily chart
The stock is trading in a broadening pattern (mainly between lines R and S); and the next level is 25.6
Above this resistance , the next targets will be 27.3, 28.0 and 29.2
The technical indicators RSI and MACD are supporting this view.
Consider the stop loss below 22.6 - And raise the protection level as the price goes up.
The stock is trading in a broadening pattern (mainly between lines R and S); and the next level is 25.6
Above this resistance , the next targets will be 27.3, 28.0 and 29.2
The technical indicators RSI and MACD are supporting this view.
Consider the stop loss below 22.6 - And raise the protection level as the price goes up.
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