Is The Worst Over In Egypt?
Posted: September 11, 2013 Filed under: H&S Bottom, traingle | Tags: Cairo, EGPT, Egypt, Emerging Markets
Egypt has gone through two revolutions, tons of demonstrations and terrorism by the brotherhood. Meanwhile, Egypt ETF (EGPT) has completed a 6-months H&S Bottom that targets 57. Both shoulders are symmetrical and morphed into triangles. One more thing EGPT is above its 200 MA for the first time this year.