📊 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 ✨💸🤑
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.