EGAS Technical Exhaustion

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EGAS Technical Exhaustion Egypt Gas Co.EGX_DLY:EGASmnmabroukw36ixEGAS Technical Exhaustion πŸ“‰ I am tracking Egypt Gas (EGAS) as it reaches a critical inflection point. Following its strong breakout, the technicals now signal a period of caution: Target Achieved: After breaking the ascending triangle, the price has hit the pattern’s measured target and is currently trading above my Fair Value estimate. 🎯 Volume Exhaustion: Daily volume is decreasing, indicating the "fuel" for this bullish wave is drying up. While still high relative to historical averages, the downward trend in activity suggests buyer fatigue. ⛽️ Dividend Impact: With the dividend payment scheduled for tomorrow, I expect the usual price adjustment to coincide with this technical softness, likely ending the current bullish wave. πŸ”” My View: The "easy money" phase of this move is over. With targets hit and volume thinning, the stock is entering a high-risk zone. I am looking for a healthy pullback before reassessing. πŸ§˜β€β™‚οΈ If you like my posts, please follow and boost πŸ™Œ 🎁 Get a $15 discount on your next subscription: πŸ”— https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix βœ¨πŸ’Έ