ARCC (Arabian Cement): The High-Yield Heavyweight 🏗️💰
The Setup: Arabian Cement is one of the most efficient players in the sector.
It recently broke its long-term sideways grind, surging toward its 52-week high of ~55.00 EGP. 🚀📈
The Strategy:
🛡️ Entry Zone: Look for pullbacks to 51.20 EGP (previous resistance turned support).
The New Targets:
🎯 Target 1 (Cleared): 55.00 EGP.
🎯 Target 2 (Active): 58.00 EGP.
Sharia Status: ✅ Compliant. ARCC is an official and stable member of the EGX33 Shariah Index. ☪️📜
Verdict: One of the best fundamental plays in the building materials sector.
If you like my posts, please follow and boost 🙌
🎁 Get a $15 discount on your next subscription using the link below:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸