K K K K K K: Amer 18-Dec-13 Daily Chart
K K K K K K: Amer 18-Dec-13 Daily Chart
K K K K K K: Amer 18-Dec-13 Daily Chart
18-Dec-13 Forecast
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Last session, Amer Group Holding closed at 0.68 gaining 0.02 points, nearly 3.00%. AMER is currently same performer as EGX30. Currently, AMER is trading above 0.62 support zone. Our analysis implies that AMER may target 0.85 zone on the medium term horizon (3 to 6 months). Accordingly, traders are advised to Buy, while keeping S/L just below 0.64 level that will be adjusted according to price changes. Traders are advised to "Buy", keep track of the Stop/Loss levels at all times and take all necessary actions to protect profits / reduce loss.
Close:
Resistance 2 0.91
S/L 0.64
Reward 25.00%
Sales Team
Risk 5.88%
R/R 4.25
0.64
Trading Strategy
AMER
Tamer Gamal, CFTe, MSTA, CETA Technical Analyst Abdel Rahman Atwa, CETA
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