For the second day , EGX30 is acting above 5100, this gives signs to continuation to 5300- 5400 level, which means that the market is going to break the wedge formation up. ( u know what will be the target ” 1000 up” can u believe it ).
On the short and medium term, we broke the dowmtrend trend to uptrend, if we break 6200 resistance , it means that we broke our major down trend line, at this time u can say we are short, medim, long are uptrend direction.
Club ur hands for the egyptian market.
Ghada