2016-10-16

UPTHRUST IN EGX30


 IN THE NAME OF ALLAH MOST MERCIFUL
8500STILL ASTRONG RESISTANCE FACES THE INDEX، YESTTERDAY WE MENTIONED
   THE NECESSITY STABILITY AT THIS LEVEL TO MAINTAIN UPTREND , BUT AT TODAY'S  MEETING INDEX ROSE TO 8600 LEVELS AND THEN CLOSED AT THE LEVEL OF 8432 AND NOW WE HAVE WHAT IS KNOWN AS UPTHRUST BAR THAT INDICATE THE POTENTIAL FOR THE REVERSAL ، BUT HERE UPTHRUST BAR HAS LOW VOLUME SO THIS NOT EFFECTIVE AS IDEAL UPTHUST BUT IS STILL ASIGN OF WEAKNESS
  ALTHOUGH THER IS A NEGTIVE DIVERGENCE CONFRIMED BY ABTHRUST BAR THEREFORE THE PROBABILITY OF DECLINE LOOKS STRONGER ، IT IS BETTER TO WAIT FOR TOMORROW TO CONFIRM THE REVERSAL BY ANOTHER BEARISH BAR WHICH CLOSES BELOW THE OPENING PRICE FOR THE CURRENT BAR
PLZ .... WACH THE VOLUME TOMORROW