📊 MPRC: ATH Breakout Keeps Bulls in Control 🚀
🔍 The Pulse:
MPRC broke above the upper boundary of its rising channel and confirmed an ABC pattern breakout. 🚀
The stock also printed a new all time high, supported by very strong volume. 🔥
Today's rally achieved the first breakout target. 🎯
A healthy pullback toward 35.5 EGP would strengthen the setup and confirm support. 📈
Momentum remains firmly bullish with higher targets still ahead. 💎
🧱 The Key Structural Boundaries
🛡️ First Support, 35.5 EGP.
The preferred retest zone following the breakout.
🛡️ Secondary Support, 34.26 EGP.
The nearest structural support level.
🎯 Channel Target, 40 EGP.
The measured target from the rising channel breakout.
💎 Fair Value Zone, 42 to 43.5 EGP.
The primary valuation target area.
🔴 Stop Loss, Below The Rising Channel.
A breakdown of the downtrend channel invalidates the bullish setup.
🎯 The Verdict
MPRC remains one of the strongest momentum names on the board.
A pullback toward 35.5 EGP would be constructive rather than bearish.
The breakout remains valid while price holds above 34.26 EGP.
The next targets stand at 40 EGP and the fair value zone between 42 and 43.5 EGP.
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🔍 The Pulse:
MPRC broke above the upper boundary of its rising channel and confirmed an ABC pattern breakout. 🚀
The stock also printed a new all time high, supported by very strong volume. 🔥
Today's rally achieved the first breakout target. 🎯
A healthy pullback toward 35.5 EGP would strengthen the setup and confirm support. 📈
Momentum remains firmly bullish with higher targets still ahead. 💎
🧱 The Key Structural Boundaries
🛡️ First Support, 35.5 EGP.
The preferred retest zone following the breakout.
🛡️ Secondary Support, 34.26 EGP.
The nearest structural support level.
🎯 Channel Target, 40 EGP.
The measured target from the rising channel breakout.
💎 Fair Value Zone, 42 to 43.5 EGP.
The primary valuation target area.
🔴 Stop Loss, Below The Rising Channel.
A breakdown of the downtrend channel invalidates the bullish setup.
🎯 The Verdict
MPRC remains one of the strongest momentum names on the board.
A pullback toward 35.5 EGP would be constructive rather than bearish.
The breakout remains valid while price holds above 34.26 EGP.
The next targets stand at 40 EGP and the fair value zone between 42 and 43.5 EGP.
---
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
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