ELKA (El Kahera Housing): The 1.25 Ceiling! 🏗️📉
The Breakdown: Trading at 1.04 EGP, down nearly 30% YTD.
The Barrier: 1.25 EGP is the critical confluence where the 200-day MA meets heavy resistance. No entry is confirmed until a high-volume daily close above this level. 🧱🛑
Sharia Status: not a member of the EGX33 Shariah Index . ☪️📜
Valuation: Massive discount with P/B at 0.4x, but ROE (~1.5%) is weak, making it a “Deep Value” play that needs a catalyst. 🏷️⚖️
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