UNIT Resistance & Valuation Check 🏭
I am tracking Universal for Packaging Materials (UNIT) as it tests the boundaries of its current consolidation.
Despite today’s move, I remain cautious:
The Triangle Pattern: While it looked like a breakout today, I prefer seeing at least three clean touches before confirming a structural shift.
For me, this remains a fake breakout until proven otherwise. ⚠️
The 11.45 Ceiling: The price failed to reach the most critical resistance at 11.45 EGP.
Without a high-volume break above this pivot, the stock is still trapped in a neutral range. 🧱
Fair Value Alignment: Fundamentals suggest we are at a limit.
Applying a Peer Average P/E (11.8x) to the current EPS (0.95 EGP) gives an implied value of 11.21 EGP.
Trading near this level offers zero margin of safety. 📉
Sharia Status: Keep in mind UNIT is not a member of the EGX33 Sharia Index, which can restrict liquidity from certain institutional funds. 🕌
The Strategy: Stay on the watch list.
I am staying sidelined until a decisive daily close above 11.45 EGP on strong volume.
Don't chase the noise. 🧘♂️🎯
If you like my posts, please follow and boost 🙌
🎁 Get a $15 discount on your next subscription:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸
I am tracking Universal for Packaging Materials (UNIT) as it tests the boundaries of its current consolidation.
Despite today’s move, I remain cautious:
The Triangle Pattern: While it looked like a breakout today, I prefer seeing at least three clean touches before confirming a structural shift.
For me, this remains a fake breakout until proven otherwise. ⚠️
The 11.45 Ceiling: The price failed to reach the most critical resistance at 11.45 EGP.
Without a high-volume break above this pivot, the stock is still trapped in a neutral range. 🧱
Fair Value Alignment: Fundamentals suggest we are at a limit.
Applying a Peer Average P/E (11.8x) to the current EPS (0.95 EGP) gives an implied value of 11.21 EGP.
Trading near this level offers zero margin of safety. 📉
Sharia Status: Keep in mind UNIT is not a member of the EGX33 Sharia Index, which can restrict liquidity from certain institutional funds. 🕌
The Strategy: Stay on the watch list.
I am staying sidelined until a decisive daily close above 11.45 EGP on strong volume.
Don't chase the noise. 🧘♂️🎯
If you like my posts, please follow and boost 🙌
🎁 Get a $15 discount on your next subscription:
🔗 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.