📊 MPCO: Sideways Range Keeps Bulls Waiting ⏳
🔍 The Pulse:
MPCO remains trapped inside a major sideways channel. 📊
The stock experienced exceptional volatility over the past month. ⚠️
After a sharp pullback from the order block, price found support at the major 1.73 EGP level. 🛡️
Despite the rebound, the chart still lacks a confirmed bullish signal. 📉
With the broader market under pressure and my fair value sitting below the 200 day moving average, I prefer to stay on the sidelines. 🚨
🧱 The Key Structural Boundaries
🛡️ Major Support, 1.73 EGP.
The level that recently attracted buyers.
🚀 First Bullish Trigger, 1.9 EGP.
A breakout above this resistance is the first confirmation of strength.
📈 Final Confirmation, Order Block.
Price must also reclaim the order block to confirm a sustainable trend reversal.
📊 Fair Value.
My calculated fair value remains below the 200 day moving average, limiting the upside at current prices.
🎯 The Verdict
I currently rate MPCO as an avoid.
The stock remains highly volatile with no confirmed breakout.
Wait for a move above 1.9 EGP and a breakout of the order block before considering an entry.
Until then, protecting capital is the better strategy.
---
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🔍 The Pulse:
MPCO remains trapped inside a major sideways channel. 📊
The stock experienced exceptional volatility over the past month. ⚠️
After a sharp pullback from the order block, price found support at the major 1.73 EGP level. 🛡️
Despite the rebound, the chart still lacks a confirmed bullish signal. 📉
With the broader market under pressure and my fair value sitting below the 200 day moving average, I prefer to stay on the sidelines. 🚨
🧱 The Key Structural Boundaries
🛡️ Major Support, 1.73 EGP.
The level that recently attracted buyers.
🚀 First Bullish Trigger, 1.9 EGP.
A breakout above this resistance is the first confirmation of strength.
📈 Final Confirmation, Order Block.
Price must also reclaim the order block to confirm a sustainable trend reversal.
📊 Fair Value.
My calculated fair value remains below the 200 day moving average, limiting the upside at current prices.
🎯 The Verdict
I currently rate MPCO as an avoid.
The stock remains highly volatile with no confirmed breakout.
Wait for a move above 1.9 EGP and a breakout of the order block before considering an entry.
Until then, protecting capital is the better strategy.
---
If you like my insights, follow and boost! 🙌💙🚀
🎁 $15 TradingView Discount:
🔗 tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน