SCEM Resistance Breach 🧱🏗️🚀
I am tracking (SCEM) as it hits a major structural milestone.
Today's price action marks a significant shift in sentiment for the materials sector, specifically within the cement industry.
The Breakout: SCEM has decisively breached the 67.30 EGP resistance level! 🔓✅
This level was a psychological and technical barrier that held back the stock during its previous consolidation.
Liquidity Confirmation: The move was supported by strong liquidity, which is essential for validating a breakout.
The Valuation Alignment: By clearing 67.30, the stock has officially reached the Fair Value zone calculated by Investing.com. 📏💎
Next Leg Higher: A second daily close above 67.00 would confirm the support flip (Resistance turned Support).
If confirmed, the path clears for a bullish wave targeting 77.00 EGP. 🚀🎯✨
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
I am tracking (SCEM) as it hits a major structural milestone.
Today's price action marks a significant shift in sentiment for the materials sector, specifically within the cement industry.
The Breakout: SCEM has decisively breached the 67.30 EGP resistance level! 🔓✅
This level was a psychological and technical barrier that held back the stock during its previous consolidation.
Liquidity Confirmation: The move was supported by strong liquidity, which is essential for validating a breakout.
The Valuation Alignment: By clearing 67.30, the stock has officially reached the Fair Value zone calculated by Investing.com. 📏💎
Next Leg Higher: A second daily close above 67.00 would confirm the support flip (Resistance turned Support).
If confirmed, the path clears for a bullish wave targeting 77.00 EGP. 🚀🎯✨
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.