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 ✨💸
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.
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.