EGX - AMOC: Probable Cup & Handle Setup

88
🚀 Idea Type: Long / Bullish Continuation
📈 Timeframe: Daily (1D)

Technical Setup
Pattern: Clear Cup and Handle formation on the daily chart AMOC_2026-06-01_13-29-03.png.

Trigger: Looking for a decisive daily candle close above 8.43 EGP to confirm the handle breakout.

Indicators: Volume has dried up constructively on the descent. RSI (49.25) and MACD are compressed near mid-lines, primed for an upside momentum shift.

Trade Execution Strategy
Entry Zone: 8.40 - 8.45 EGP (Best confirmed on a daily close above 8.43 EGP)

Take Profit: 9.90 EGP (Pattern depth measurement projection)

Stop Loss: 6.70 EGP (Placed below major ascending structural support)

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