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Fake Bearish

COMMERCIAL INTERNATIONAL BANK-EGYPT (CIB) (EGX:COMI)  
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EGX:COMI   COMMERCIAL INTERNATIONAL BANK-EGYPT (CIB)
Trend Analysis Chart Patterns stocktrading Technical Analysis chartanalysis Trend Line Break chart pattern
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trendanalysis chartpattern stocktrading technicalanalysis chartanalysis trendlinebreak chart pattern
THIS IS NOT A FINANCIAL ADVICE, THIS IS ONLY A PERSONAL OPINION, WOULD LOVE TO HEAR YOURS IN THE COMMENTS

I believe this drop in price is only a correction due to the huge jump from 45 to 47.8. The price broken the trend line and is supposed to have a strong support @ 47.965 and 46.614. The final support before a bearish would be 43.04.

So to conclude i believe that if it continues above 43.04 , this is still a potential bullish sign.


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