MCQE (Misr Cement Qena): Testing the uptrend cahnnelMisr Cement Co. (Qena)EGX_DLY:MCQEmnmabroukw36ixMCQE (Misr Cement Qena): Testing the uptrend cahnnel🏗️📉 The Setup: The stock is at a critical technical junction. While still in a long-term uptrend, it is currently testing the 160.00 – 168.00 EGP zone. A break below 160.00 and then 155.00 would confirm a Change of Character (CHoCH), shifting the trend from bullish to sideways or corrective. 🧱🚨 The Gap: The 200-day MA is currently very far below the price. This "overextension" suggests that if a correction starts, it could be deep and sharp before finding major support. 🛡️🕳️ The Drivers: 2025 was a monster year with consolidated net profits surging over 3200% to EGP 1.71B. However, the market is currently "pricing in" this growth, leading to the current cooling phase. 📈💰 Sharia Status: ✅ Compliant. The Targets: * 🛑 To Turn Positive: Needs a daily close above 174.50 EGP. 🚀 The Breakout: Must clear the heavy resistance at 189.00 EGP to target the 205.00 ATH. Verdict: The stock is "resting" after a massive run. For now, it’s a game of levels: hold 160 to stay in the game, but wait for a move back above 174.50 before adding new positions. ⚖️🔥 If you like my posts, please follow and boost 🙌