Egypt: "BUY" Sidi Kerir Petrochemicas

Sidi Kerir Petrochemicas – Sidpec (EGX: SKPC)
By Markets Chimp

12/21/17 10:13 PM

 

Daily Chart:

(Click on the chart to ENLARGE)

(Last Price: EGP23.81)

What is the advice?

Answer: BUY from 23.00 to 24.00.

What is the reasoning?

Answer: The trend is up in all the time frames, the trading activity's pattern is very bullish and the stock just cleared a key resistance zone.

When to EXIT with a profit?

Answer: Near EGP30.00.

What is the expected return?

Answer: (27.66%)

When to EXIT with a loss?

Answer: Reduce below 22.50 & Exit below 21.50

What is the expected risk?

Answer: (8.51%)

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