📊 RAYA: One Step Away From a Major Breakout 🚀
🔍 The Pulse:
RAYA continues to show strong bullish momentum within its major uptrend. 📈
The stock completed the fifth Elliott Wave and is now breaking out of the ABC correction. 🔄
Today's high volume breakout above the triangle pattern adds strong bullish confirmation. 🔥
Price also reclaimed the major resistance at 7.58 EGP. 💪
A close above 7.81 EGP tomorrow would complete the breakout and confirm the next bullish wave. 🎯
🧱 The Key Structural Boundaries
🚀 Breakout Trigger, 7.81 EGP.
A close above the B point confirms the bullish breakout.
🛡️ First Support, 7.58 EGP.
The previous resistance now becomes the first support.
🎯 First Target, 9.4 EGP.
The measured target from the triangle breakout.
💎 Second Target, 10.87 EGP.
The annual target and Investing.com fair value.
🎯 The Verdict
RAYA is one confirmation away from a powerful breakout.
A close above 7.81 EGP would validate the bullish setup.
The next upside targets are 9.4 EGP and 10.87 EGP.
As long as 7.58 EGP holds, the bulls remain in control.
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🔍 The Pulse:
RAYA continues to show strong bullish momentum within its major uptrend. 📈
The stock completed the fifth Elliott Wave and is now breaking out of the ABC correction. 🔄
Today's high volume breakout above the triangle pattern adds strong bullish confirmation. 🔥
Price also reclaimed the major resistance at 7.58 EGP. 💪
A close above 7.81 EGP tomorrow would complete the breakout and confirm the next bullish wave. 🎯
🧱 The Key Structural Boundaries
🚀 Breakout Trigger, 7.81 EGP.
A close above the B point confirms the bullish breakout.
🛡️ First Support, 7.58 EGP.
The previous resistance now becomes the first support.
🎯 First Target, 9.4 EGP.
The measured target from the triangle breakout.
💎 Second Target, 10.87 EGP.
The annual target and Investing.com fair value.
🎯 The Verdict
RAYA is one confirmation away from a powerful breakout.
A close above 7.81 EGP would validate the bullish setup.
The next upside targets are 9.4 EGP and 10.87 EGP.
As long as 7.58 EGP holds, the bulls remain in control.
---
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.