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  • EGX30 Index (.EGX30) 16,411.37 (3.17%)
  • The EGX30 Index witnessed a decent rise during Wednesday’s session, gained (3.17%) and closed at the session’s high at 16,411 points, accompanied by high volumes.
  • The Index is currently targeting an important resistance level at 16,500 points, where the buying power will be examined.
  • However, a successful breach above the latter level, would pave the way for further advances targeting the next resistance at 17,000 points.
  • Meanwhile, the chance of witnessing further rebounding attempts remains high as long as the Index keeps trading above the first support level at 15,625 points.
  • Accordingly, short term traders are advised to keep trailing the protective stop levels for each stock below the previous session’s lows to control the risk endured.

Candlestick Chart

16,418.53

7.16

0.04%

0.00

4.04

0.76%

0.00

-33.36

-2.98%

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Investor Type Buy Value Buy % Sell Value Sell % Net Value
Investor Type Buy Value Buy % Sell Value Sell % Net Value Net %
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