After nice movement in december Algo formed massive bull flag pattern and looks like price is reversing. RSI formed double top and dropped to 30 where it found support. RSI has started to move up, creating higher lows. StochRSI is moving up - momemtum is building up. Targets for next leg up are between 0.94$ and 1.4$ (400-600%)
bank nifty down 50000 or up 52500 index that represents the performance of the banking sector in India. It includes the most liquid and large-cap banking stocks listed
GBP/JPY 15M - Morning people, I thought I would bring you some analysis for this pair, I am wanting to see bullishness longer term with this pair. As we know the prevailing trend is a bullish one. The JPY is seen as one of the weaker currencies and the GBP is seen as one of the major currencies in the world. That aside we are seeing price respect areas of Demand and we have recently seen price trade down to clear an area. Breaking structure both fractally and on the higher timeframes I am led to believe that this market is now ready to print in a new bullish leg to the upside, giving us reason to to buy in. I just want to see price pullback trading down and into the Demand Zone I have got marked out below, once we see price trade in I am then expecting to see price break structure again fractally giving us the entry confirmation we need to go long.
Oriental Weavers Carpets Company (S.A.E) (EGX:ORWE) is a leading global manufacturer and seller of carpets, jet-printed rugs, and related raw materials. Their product range includes machine-woven and non-woven carpets, various types of rugs and mats, and artificial turf for both indoor and outdoor applications. Financial Highlights: Revenue and Profitability: In the fiscal year 2023, Oriental Weavers reported revenues of EGP 17.659 billion, marking a 33% year-over-year increase. The net income for the same period was EGP 1.892 billion, resulting in a net profit margin of 10.7%. citeturn0search2 Earnings Per Share (EPS):The earnings per share for FY2023 stood at EGP 2.6, reflecting a 106% increase compared to the previous year. Market Capitalization: As of March 24, 2025, the company's market capitalization was approximately EGP 15.264 billion. but the enterprise value is 19.91 billion. Dividend: The company declared an annual dividend of 1.25 EGP per share for 2024, with a yield of 5.36%. The dividend is paid once per year, and the last ex-dividend date was April 28, 2024. For 2025, the dividend has been increased to 1.6 EGP per share. Debt and Cash Position: Oriental Weavers holds EGP 6.30 billion in cash and EGP 8.58 billion in debt, resulting in a net debt position of EGP 2.28 billion. Return Metrics: The company has a Return on Equity (ROE) of 14.44% and a Return on Invested Capital (ROIC) of 5.17%. Net Profit increased 34% YoY to record EGP 2.5bn backed by the strong operational performance accompanied with 137% YoY hike in interest income which offset the EGP 0.4bn FX loss and the 20% YoY higher interest expense. Net profit margin remained almost flat at 10.5%. Sales Volume came almost flat YoY, affected by the global macroeconomic and geopolitical challenges, with International making up healthy 62% of sales volume and Egypt representing 38% of sales volume. Stock Performance: Share Price: As of March 27, 2025, the stock closed at EGP 23.30 per share. 52-Week Range: The stock has traded between EGP 16.62 and EGP 35.12 over the past 52 weeks. Technical Analysis: Previous Close is 23.2 EGP/share , to buy below 24.0 EG/Share, below EMA200 now is in good daily support zone is match with Gann fan, SCM demand zone and Money flow profile ROC=24.6 is good buy zone . The Gann Square of Nine is a technical analysis tool developed by W.D. Gann, used to identify potential support and resistance levels based on geometric and numerical relationships. The formula you've referenced, ((17.6)^1/2 + 2))^2 = 38, suggests a target price of EGP 38 per share. This aligns with certain Gann methodologies, where adding a constant to the square root of a price and then squaring the result can indicate significant price levels. 63 % profit Refer to 1) CHF Cairo Financial Holding Alpha Spotter FV=30.1 ~ 35.1 EGP/share 2) Faisal Company for Securities Trading FV= 31.4 EGP/share 3) Hermes : FV =30.0 EGP/share 4)Fair value per share based on the sector's book value multiple is 75.0 EGP/share These valuations might be derived from different analytical models or could represent price targets set by various analysts. Conclusion: Oriental Weavers demonstrates strong financial performance with consistent revenue growth and profitability. The company's dividend policy reflects its commitment to shareholder returns. The technical analysis suggests potential price movements, but it's essential to consider these in conjunction with fundamental analysis and broader market conditions. Note: Financial markets are influenced by numerous factors. It's advisable to consult with a financial advisor or conduct comprehensive research before making investment decisions.*
GT's weekly StochRSI golden cross in the oversold zone signals a strong bullish trend, with a target price of $100. The break above the descending pressure line from previous highs indicates reduced resistance and opens the door for further advances. The daily chart's bullish candles reflect strong buying momentum. The lack of significant volume during potential pullbacks suggests limited downside and persistent bullish sentiment. This setup presents an attractive opportunity to go long on GT, with a take-profit at $100 and a stop-loss between $22 and $22.5.
After a nearly 30% drop from its all-time high, BTC seems to be consolidating within the $80,000 to $85,000 range. However, it is still too early to confirm a new bullish impulse. According to my analysis, BTC is compressing between two trendlines that have been forming over the past few months. The first one, an ascending trendline, has been in place for eight months (since August 2024), while the second, a descending trendline, has been forming since early January. At first glance, the movement appears predominantly bullish. However, I am personally waiting for a breakout of the descending trendline, followed by a retest and a bullish alignment of my cloud indicator and moving averages. This outlook applies to medium- and long-term trades, focusing on 4H charts and higher timeframes.
The formation of a golden cross in the oversold zone on GT's weekly StochRSI signals a strong bullish trend, targeting $100. The break above the descending pressure line from prior highs indicates reduced resistance and enhanced upside potential. The daily chart's multiple bullish candles highlight the dominance of buying pressure. Limited selling volume during potential pullbacks suggests shallow corrections and ongoing bullish sentiment. This technical landscape supports initiating long positions in GT, with a take-profit at $100 and a stop-loss range of $22 to $22.5.
GT's StochRSI on the weekly chart has formed a golden cross in the oversold zone, indicating a strong bullish trend with a target of $100. The break above the descending pressure line from previous highs suggests reduced resistance and opens the door for further gains. The daily chart reflects multiple bullish sessions, signaling robust buying momentum. The absence of significant volume during potential pullbacks points to shallow corrections and persistent bullish sentiment. Traders are advised to consider long positions in GT, aiming for a take-profit at $100 and setting a stop-loss between $22 and $22.5.
The weekly StochRSI golden cross for GT underscores a robust bullish trend, with the target price set at $100. The decisive break above the descending pressure line from prior highs signals a shift in market dynamics, favoring further upside movement. The daily chart shows a series of bullish candles, highlighting the dominance of buying pressure. The lack of substantial selling volume during potential pullbacks reinforces the bullish narrative, suggesting limited downside. This technical setup presents a compelling case for going long on GT, with a take-profit at $100 and a stop-loss between $22 and $22.5.
GT's StochRSI on the weekly chart has formed a golden cross in the oversold zone, signaling a strong bullish trend with a target of $100. The descending pressure line from previous highs has been decisively broken, indicating reduced resistance and opening up upside potential. With multiple bullish candles on the daily chart, buying momentum is clearly dominant. The absence of significant volume on any potential pullbacks suggests that market sentiment remains bullish, and any correction is likely to be shallow. This confluence of factors makes it an opportune time to initiate long positions in GT, with a take-profit target set at $100 and a stop-loss range between $22 and $22.5.