Daily Suggested Stocks
Market Commentary : 21 / 01 / 2018
The EGX30 soared hitting a new historical high and hour first target and resistance level 15350 closing above near the high as strong buying power continued in most of the stocks, trading volumes increased significantly suggesting consistency.
Yet, coming target 15700 is expected to be reached where as we may use to continue trading on.
We recommend to continue trading on the stocks that managed to make successful breakouts using the new target levels to trade on.
On the other side, held positions are advised to move their protective stops higher as the market rallies to protect profits.
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