MPCI (Memphis Pharma): The State-Owned Momentum Play 💊⚓
The Index Gap: Even though the industry is "halal," MPCI remains outside the EGX33 Shariah Index.
As with many state-owned entities, the lack of a dedicated Sharia board or specific debt-ratio thresholds keeps it off the official list. ☪️🚫
The Cash Disconnect: While the stock has seen massive price appreciation recently, the disconnect between reported earnings and actual Operating Cash Flow is a major vulnerability. In this market, when the music stops for low-cash companies, the correction is usually vertical. 💸📉
The Technical Roadmap:
The Gatekeeper: 176.00 EGP is the "line in the sand." This resistance has become a psychological ceiling. 🧱
The Rule: No new entries without a high-volume daily close above 176.00.
Buying right under resistance is a classic "Retail Trap." 🪤⚠️
The Support: If the correction you fear triggers, watch for the first major support to form around the 152. 🩹
Sharia Confirmation:
❌ Status: Non-Compliant (Not Listed).
Verdict: Hold & Trail.
If you're in, trail your stop-loss tightly.
For everyone else, stay on the sidelines until 176.00 is convincingly conquered. 🛡️⚖️
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The Index Gap: Even though the industry is "halal," MPCI remains outside the EGX33 Shariah Index.
As with many state-owned entities, the lack of a dedicated Sharia board or specific debt-ratio thresholds keeps it off the official list. ☪️🚫
The Cash Disconnect: While the stock has seen massive price appreciation recently, the disconnect between reported earnings and actual Operating Cash Flow is a major vulnerability. In this market, when the music stops for low-cash companies, the correction is usually vertical. 💸📉
The Technical Roadmap:
The Gatekeeper: 176.00 EGP is the "line in the sand." This resistance has become a psychological ceiling. 🧱
The Rule: No new entries without a high-volume daily close above 176.00.
Buying right under resistance is a classic "Retail Trap." 🪤⚠️
The Support: If the correction you fear triggers, watch for the first major support to form around the 152. 🩹
Sharia Confirmation:
❌ Status: Non-Compliant (Not Listed).
Verdict: Hold & Trail.
If you're in, trail your stop-loss tightly.
For everyone else, stay on the sidelines until 176.00 is convincingly conquered. 🛡️⚖️
If you like my posts, please follow and boost 🙌
🎁 Get a $15 discount on your next subscription:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.