Abu_Enaba

MEPA.EGX undergoes a big corrective journey

Corto
EGX:MEPA   MEDICAL PACKAGING COMPANY
The stock chart shows that during the 13 months from April 2022 until May 2023, a large movement during which it completed the five Elliott motive waves, and since this date it began to form corrective waves until the golden ratios of Fibonacci, and therefore it is now heading to the shown lower demand area, which is between 0.41 and perhaps a little below , the current trend is a bearish correction to the demand areas or the strongest support areas .
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