Sent from my iPad
Beltone says ODH stock to target EGP7.5, recommends BuyBeltone Financial said that the stock of Orascom Development Holding (ODH) is moving between EGP 6.3 and resistance at EGP 6.9.
Mohab Ageena, head of technical analysis, Beltone, said traders should buy the stock near current levels and buy further after crossing previous resistance area.
According to the analyst, moving above the resistance level will lead to a further rise towards EGP 7.4-7.5, which will trigger profit taking. Stop loss point will stand at EGP 6.29.
ODH stock is currently 2.17% higher at EGP 6.6. More than 2 million of the company's shares were exchanged at more than EGP 13.6 million.