Cairo – Mubasher: The Egyptian Exchange (EGX) is expected to witness more pressures through Wednesday, technical analysts told Mubasher.
The Benchmark is likely to test the support level of 6,300 points, said Mohamed Ismail, technical analyst at Golden Hand brokerage.
The main gauge is forecasted to see sideways movement on both short – run and long-run , after it moved below the major support level of 6,500 points.
In the same vein, Mona Hassan Chief technical analyst at Mubasher trade, said “The benchmark declined on Tuesday closing at the level of 6,463 points after it moved below the major support level of 6,630 points,”
The benchmark is expected to see more declines until it reaches the support level of 6,320 points, added Hassan
