📊 LCSW: Major Breakout Setup Approaching After a Year Long Consolidation 🔥
🔍 The Pulse:
LCSW is currently testing a very important region. 🔎
A close above today's high at 28.56 EGP in tomorrow's session would confirm the breakout of a huge sideways channel that has been in place since March of last year. 🚀
Such a breakout would represent a major technical development and could mark the beginning of a new bullish leg. 📈
The stock continues to offer an attractive risk to reward profile. ⚖️
Fair value stands at 36.21 EGP. 💎
🧱 The Key Structural Boundaries
🚀 Breakout Trigger, 28.56 EGP.
A close above this level would confirm the breakout from the long term sideways channel.
🛡️ Main Support, 27.16 EGP.
This level represents the first line of defense for the current bullish structure.
🔴 Stop Loss, 26 EGP.
This area coincides with the 200 day moving average and serves as the key invalidation level.
🎯 First Target, 30.7 EGP.
This level represents a strong resistance area and the first upside objective following a successful breakout.
🟢 Fair Value, 36.21 EGP.
This remains the broader upside target and reflects the stock's estimated intrinsic value.
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🔍 The Pulse:
LCSW is currently testing a very important region. 🔎
A close above today's high at 28.56 EGP in tomorrow's session would confirm the breakout of a huge sideways channel that has been in place since March of last year. 🚀
Such a breakout would represent a major technical development and could mark the beginning of a new bullish leg. 📈
The stock continues to offer an attractive risk to reward profile. ⚖️
Fair value stands at 36.21 EGP. 💎
🧱 The Key Structural Boundaries
🚀 Breakout Trigger, 28.56 EGP.
A close above this level would confirm the breakout from the long term sideways channel.
🛡️ Main Support, 27.16 EGP.
This level represents the first line of defense for the current bullish structure.
🔴 Stop Loss, 26 EGP.
This area coincides with the 200 day moving average and serves as the key invalidation level.
🎯 First Target, 30.7 EGP.
This level represents a strong resistance area and the first upside objective following a successful breakout.
🟢 Fair Value, 36.21 EGP.
This remains the broader upside target and reflects the stock's estimated intrinsic value.
---
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
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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.