EGX30 in a Higher Region

EGX30 stock is currently in a higher region than before. In the case of taking an upward trend, it is expected to breach the resistance line at 32,026.185 and then reach the resistance line at 32,055.750. And reach the third resistance line at 32,095.170 points. In case of falling, it's expected to break the 1st support line 31,976.910 points, then the 2nd support line 31,947.346, then the 3rd support line 31,907.926. It's an outstanding performance among the current situation, which is fulfilled with news like Egypt's blue-chip index EGX30 was up for a fourth consecutive session, rising 0.2% with E-Finance for Digital gaining 3.2% and Palm Hills development reaching 3.4% besides signing an agreement to develop 1.87 million SQM plot of land in Abu Dhabi. On the other side, Gulf markets declined following the latest tariff threat on European Union goods and the statement on Truth Social on Friday recommended a 50% tariff from June 1 on all EU goods sent global markets roiling.