TELECOM EGYPT

26 Nov

The stock of Egyptian Telecommunications rose, then fell, correcting wave A from a peak of 40.90 EGP to 28.75 EGP. It then rose with a corrective wave towards 37 EGP, which has ended, confirmed by a break below 31.40. We expect the channel to break, followed by a strong decline in a five-wave C. We will wait to buy at the areas shown in the chart, with the strongest area being the green zone.Stop Loss above 37.11EGP