Elliott Wave analysis of Talaat Moustafa Egypt
12 May 2010
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This is the first time I looked at a stock from Egypt. I was asked to do Elliott wave analysis of Talaat Moustafa, and I’d like to share this with you today. To put it briefly, this stock has legs to reach 9 Pounds, but should it reach 10.45 plus area, be sure to take profits because we will likely experience a nice 35% decline from there. | |
I teach exactly this kind of global markets setup, step by step, in the impulse and correction chapters of Five Waves to Financial Freedom, the same tools used globally, including this market.