Aug 152011

Minapharm Pharmaceuticals is an Egyptian stock that I have never heard of until a few minutes back when a reader from that beautiful country posted a request for an analysis of this stock.
Elliott Wave analysis of Egyptian stocks is no different from what we can do with a stock trading on Nasdaq or Tokyo. So lets take a quick look at the chart. As usual, my comments are brief and mostly appear on the chart. Enjoy.

May 122010

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.