ENGC (Industrial Engineering): The 200-Day MA Floor
ENGC (Industrial Engineering): The 200-Day MA Floor 🏗️📉
The Setup: Locked in a downtrend since November.
It just touched and rebounded from the 30.70 – 31.00 EGP zone (200-day MA). 🛡️🩹
The Strategy:
🏦 Long-term Entry: 30.70 is a strong value buy level for a target of 44.00 EGP.
🚀 Momentum Entry: Wait for a break above 33.00, and a confirmed close over 34.00 to kill the downtrend.
Sharia Status: ✅ Compliant. Official member of the EGX33 Shariah Index. ☪️📜
Fundamentals: Strong 31% ROE and EGP 6.9B+ in revenue.
The business is solid; only the chart is currently weak. 📊💰
Verdict: The 200-day MA is the line in the sand.
Buy the value at 30.70 or wait for the 34.00 breakout to confirm the bulls are back! ⚖️🔥
If you like my posts, please follow and boost 🙌
The Setup: Locked in a downtrend since November.
It just touched and rebounded from the 30.70 – 31.00 EGP zone (200-day MA). 🛡️🩹
The Strategy:
🏦 Long-term Entry: 30.70 is a strong value buy level for a target of 44.00 EGP.
🚀 Momentum Entry: Wait for a break above 33.00, and a confirmed close over 34.00 to kill the downtrend.
Sharia Status: ✅ Compliant. Official member of the EGX33 Shariah Index. ☪️📜
Fundamentals: Strong 31% ROE and EGP 6.9B+ in revenue.
The business is solid; only the chart is currently weak. 📊💰
Verdict: The 200-day MA is the line in the sand.
Buy the value at 30.70 or wait for the 34.00 breakout to confirm the bulls are back! ⚖️🔥
If you like my posts, please follow and boost 🙌
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.