Is The Worst Over In Egypt?

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.

Egypt, EGPT, Cairo, Emerging Markets

Egypt Daily

Advertisements


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s