2018-01-10

COMMERCIAL INTERNATIONAL BANK EGYPT (COMI)

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFU
COMI SHARES , DAILY CHART , SHOWS THE CONFIGURATION WHERE PRICE TRENDS DOWNWARD FROM 88.8 AND GOING INTO THE HEAD AND SHOULDERS BOTTOM , THIS SETUP WAS CONFIRMED BY PRICE AFTER BREAKS OUT UPWARD THE NICKLINE AT 77.75 ,  AND ITS EXPECTED RISES TO ROUGHLY 85
SOME SEE THAT THE PATTERN HAS WEAKNESS , BECUSE UN SYMMETRICAL SHOULDERS , THE LEFT SHOULDER  IS FARTHER AWAY FROM THE HEAD THAN IS THE RIGHT SHOULDERS, BUT,HOWEVER THE PATTERN WAS CONFIRMED AND WE WAIT TO HIT HIS PROJECTED TARGET
ANOTHER IMPORTANT  POINT HERE,  THE PRICE PENETRAT A MEDIUM TERM DOWNTREND ,  SO THAT THE REVERSAL TAKE SHAPE , AND THE UPWARD TREND  WAS CONFIRMED WEN PRICE CLOSED ABOVE 78