ACT FINANCIAL (EGX) – Sideways Trade with Breakout Potential

3월 9일

Here’s a TradingView idea for your sideways trade setup with a potential breakout:

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**ACT FINANCIAL (EGX) – Sideways Trade with Breakout Potential**

📉 **Technical Analysis:**
The stock is currently trading within a sideways range, showing strong support and resistance levels. The price is bouncing between these levels, offering a short-term trading opportunity. However, the presence of a bullish divergence in the MACD suggests a possible breakout.

📌 **Trade Plan:**
- **Entry:** Near the lower boundary of the range, aiming for a small upward move.
- **Stop Loss:** Below the recent support zone.
- **Target Levels:**
1️⃣ **First Target:** Minor resistance within the range.
2️⃣ **Second Target:** Upper boundary of the sideways channel.
3️⃣ **Breakout Target:** If a breakout occurs, aiming for a new resistance level above the range.

📊 **Indicators & Confirmation:**
- MACD showing bullish divergence, signaling potential upside.
- Watching for volume increase as a breakout confirmation.
- Risk/Reward ratio looks favorable within the range.

🚀 **Final Thought:**
A range-bound trade with small targets offers a controlled risk setup. However, if the stock gains momentum and breaks out, it could lead to a strong bullish move. Keep an eye on key levels!

#Trading #StockMarket #TechnicalAnalysis #EGX

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not financial advice 🚀

3월 27일

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