📊 MPCO: Sideways Range Keeps Bulls Waiting ⏳
🔍 The Pulse:
MPCO remains trapped inside a major sideways channel. 📊
The stock experienced exceptional volatility over the past month. ⚠️
After a sharp pullback from the order block, price found support at the major 1.73 EGP level. 🛡️
Despite the rebound, the chart still lacks a confirmed bullish signal. 📉
With the broader market under pressure and my fair value sitting below the 200 day moving average, I prefer to stay on the sidelines. 🚨
🧱 The Key Structural Boundaries
🛡️ Major Support, 1.73 EGP.
The level that recently attracted buyers.
🚀 First Bullish Trigger, 1.9 EGP.
A breakout above this resistance is the first confirmation of strength.
📈 Final Confirmation, Order Block.
Price must also reclaim the order block to confirm a sustainable trend reversal.
📊 Fair Value.
My calculated fair value remains below the 200 day moving average, limiting the upside at current prices.
🎯 The Verdict
I currently rate MPCO as an avoid.
The stock remains highly volatile with no confirmed breakout.
Wait for a move above 1.9 EGP and a breakout of the order block before considering an entry.
Until then, protecting capital is the better strategy.
---
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🔍 The Pulse:
MPCO remains trapped inside a major sideways channel. 📊
The stock experienced exceptional volatility over the past month. ⚠️
After a sharp pullback from the order block, price found support at the major 1.73 EGP level. 🛡️
Despite the rebound, the chart still lacks a confirmed bullish signal. 📉
With the broader market under pressure and my fair value sitting below the 200 day moving average, I prefer to stay on the sidelines. 🚨
🧱 The Key Structural Boundaries
🛡️ Major Support, 1.73 EGP.
The level that recently attracted buyers.
🚀 First Bullish Trigger, 1.9 EGP.
A breakout above this resistance is the first confirmation of strength.
📈 Final Confirmation, Order Block.
Price must also reclaim the order block to confirm a sustainable trend reversal.
📊 Fair Value.
My calculated fair value remains below the 200 day moving average, limiting the upside at current prices.
🎯 The Verdict
I currently rate MPCO as an avoid.
The stock remains highly volatile with no confirmed breakout.
Wait for a move above 1.9 EGP and a breakout of the order block before considering an entry.
Until then, protecting capital is the better strategy.
---
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.