he stock has successfully formed a Symmetrical Triangle combined with a Reverse Head & Shoulders pattern, both of which are strong bullish continuation/reversal signals.
After the breakout, price action performed a clean retest of the triangle resistance (now support) and held firmly, confirming the validity of the breakout. The reaction was supported by bullish price action, indicating strong buying interest.
Additionally:
Price is trading above the medium-term ascending trendline, reinforcing the bullish structure.
A breakout above the short-term descending red trendline adds further confirmation of momentum shift to the upside.
Key Levels & Trading Plan
Entry Zone:
2.06 – 1.95 EGP
Stop Loss:
1.74 EGP
Targets (Resistance Zones):
T1: 2.47 – 2.60 EGP
T2: 2.89 – 2.95 EGP
T3: 3.74 – 3.88 EGP
T4: 4.77 – 4.93 EGP
Outlook:
As long as price holds above the retested breakout zone and the ascending trendline, the bullish scenario remains intact. The structure suggests a potential move toward new highs, with each resistance zone acting as a profit-taking level.
A break below 1.74 EGP would invalidate the setup.