Cairo – Mubasher: The Egyptian Exchange (EGX) benchmark is anticipated to see upward correction movement, where it targets the level of 6,132 points as long as it keeps its position stable above the level of 5,500 points, technical analysts told Mubasher.
The benchmark will currently gain support at the level of 5,526 points, said Sameh Gharib, head of technical research, Roots Securities.
The benchmark will resume its upside correction movement as long as it moves above the level of 5,526 points, where it will target the levels of 6,132 and 6,300 points respectively, noted the analyst.
On other hand, the main gauge will target the level of 5,150 points, if it moved below the level of 5,526 points, added Gharib.
The benchmark will focus its movement near the new support level of 5,500 points, through this week, said Ehab Saeed, head of research at Osool Securities.
The main gauge will retest the previous resistance levels of 6,200 and 6,100 points, noted Saeed.
