Volume Surge Suggests Bullish Move Ahead for Egyptian EGX30 Index
Simple pattern and volume analysis suggest a potential bullish primary trend reversal in the Egyptian EG X30 Index.
After prolonged bear markets, volume is often a key indication of recovery. Typically, a bear market doesn’t end until market participants are discouraged by losses and uninterested in equities. It is at this point that selling pressure is exhausted. When strong volume finally accompanies a move higher, the beginning of a new bull market may be at hand.
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