KRDI Egypt is expected to target 0.65 then 0.75
Daily chart,
the stock
KRDI has been trading above a rising trend line since Oct 2024. I see the price will rebounce from the current level 0.600 to test the resistance line R1.
After crossing R1 line at around 0.650 - 0.658, the next target will be R2 (around 0.750 - 0.760).
Technical indicators: RSI and MACD still need confirmation for a new entry (buy)
Note: A Resistance level at 0.670
Consider Stop Loss below 0.600 (closing)
the stock
KRDI has been trading above a rising trend line since Oct 2024. I see the price will rebounce from the current level 0.600 to test the resistance line R1.After crossing R1 line at around 0.650 - 0.658, the next target will be R2 (around 0.750 - 0.760).
Technical indicators: RSI and MACD still need confirmation for a new entry (buy)
Note: A Resistance level at 0.670
Consider Stop Loss below 0.600 (closing)
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