SCEM Resistance Breach 🧱🏗️🚀
I am tracking (SCEM) as it hits a major structural milestone.
Today's price action marks a significant shift in sentiment for the materials sector, specifically within the cement industry.
The Breakout: SCEM has decisively breached the 67.30 EGP resistance level! 🔓✅
This level was a psychological and technical barrier that held back the stock during its previous consolidation.
Liquidity Confirmation: The move was supported by strong liquidity, which is essential for validating a breakout.
The Valuation Alignment: By clearing 67.30, the stock has officially reached the Fair Value zone calculated by Investing.com. 📏💎
Next Leg Higher: A second daily close above 67.00 would confirm the support flip (Resistance turned Support).
If confirmed, the path clears for a bullish wave targeting 77.00 EGP. 🚀🎯✨
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
I am tracking (SCEM) as it hits a major structural milestone.
Today's price action marks a significant shift in sentiment for the materials sector, specifically within the cement industry.
The Breakout: SCEM has decisively breached the 67.30 EGP resistance level! 🔓✅
This level was a psychological and technical barrier that held back the stock during its previous consolidation.
Liquidity Confirmation: The move was supported by strong liquidity, which is essential for validating a breakout.
The Valuation Alignment: By clearing 67.30, the stock has officially reached the Fair Value zone calculated by Investing.com. 📏💎
Next Leg Higher: A second daily close above 67.00 would confirm the support flip (Resistance turned Support).
If confirmed, the path clears for a bullish wave targeting 77.00 EGP. 🚀🎯✨
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
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