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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