📊 FWRY: Strong VWAP Rejection and 200MA Reclaimed on Heavy Volume 🚀
FWRY printed a powerful rejection candle off the 52-week low VWAP last week. 🔨
Price closed the weekly session above the 200-day moving average on above-average volume. 📊
Initial positivity begins with a daily close above the 19.00 main support zone. 📈
A breakout above strong resistance at 19.81 confirms the trend reversal and marks the primary entry point. ⚡
Closing below the 52-week low VWAP at 17.50 triggers the stop-loss. 🛑
The first technical target stands at the 21.66 all-time high. 🎯
The annual Rumble target sits higher at 23.10. 🎯
Investing.com fair value points toward 27.00. 💎
This stock deserves a core spot in every EGX portfolio. 💼
🧱 The Key Structural Boundaries
• Initial Positivity: Daily close above 19.00. 🟢
• Breakout / Confirmation Entry: Daily close above 19.81. 🚀
• Stop-Loss: Daily close below 17.50 (52-week low VWAP). 🛑
• First Target (ATH): 21.66. 🎯
• Annual Target (Rumble): 23.10. 🎯
• Fair Value Target (Investing.com): 27.00. 💎
• Strategy: Enter on a confirmed breakout above 19.81 while holding above 19.00 support. 📊
🎯 Verdict:
FWRY is showing high-conviction signs of a bottom after reclaiming its 200MA on strong volume. 🚀
Clearing 19.81 opens the pathway toward the 21.66 peak and the 27.00 fair value. 💎
Are you entering on the 19.81 breakout or adding near 19.00 support? 💬
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount: tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
FWRY printed a powerful rejection candle off the 52-week low VWAP last week. 🔨
Price closed the weekly session above the 200-day moving average on above-average volume. 📊
Initial positivity begins with a daily close above the 19.00 main support zone. 📈
A breakout above strong resistance at 19.81 confirms the trend reversal and marks the primary entry point. ⚡
Closing below the 52-week low VWAP at 17.50 triggers the stop-loss. 🛑
The first technical target stands at the 21.66 all-time high. 🎯
The annual Rumble target sits higher at 23.10. 🎯
Investing.com fair value points toward 27.00. 💎
This stock deserves a core spot in every EGX portfolio. 💼
🧱 The Key Structural Boundaries
• Initial Positivity: Daily close above 19.00. 🟢
• Breakout / Confirmation Entry: Daily close above 19.81. 🚀
• Stop-Loss: Daily close below 17.50 (52-week low VWAP). 🛑
• First Target (ATH): 21.66. 🎯
• Annual Target (Rumble): 23.10. 🎯
• Fair Value Target (Investing.com): 27.00. 💎
• Strategy: Enter on a confirmed breakout above 19.81 while holding above 19.00 support. 📊
🎯 Verdict:
FWRY is showing high-conviction signs of a bottom after reclaiming its 200MA on strong volume. 🚀
Clearing 19.81 opens the pathway toward the 21.66 peak and the 27.00 fair value. 💎
Are you entering on the 19.81 breakout or adding near 19.00 support? 💬
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount: tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.