2084 (Miahona Co.) – Technical Outlook

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2084 (Miahona Co.) – Technical OutlookMiahona Co.TADAWUL_DLY:2084TradeWithParasPrice is moving sideways between two key zones: • Resistance at 26.40–25.80 • Support at 22.20–21.60 It is currently sitting right on the horizontal support. For any short-term buy, the first condition is a clean break of the downward trendline. Only then does the upside open back toward the 25.80–26.40 resistance zone. Until that break happens, the overall structure remains sideways. A confirmed bullish trend requires a strong close above 26 with solid volume. Anything inside the box is just consolidation and range trading. A bullish harmonic XABCD is also present, and price can still drift down toward the upward trendline, which may complete the D point. As long as the downward trendline holds, the bias leans bearish. Even if it breaks, the upside remains short-term capped at the top of the range. Price has historically respected the FIB EMA 21 and EMA 20, and it is currently trading below both, adding more bearish weight. RSI is neutral — no divergence observed. Fundamentally, the stock remains weak — negative EPS, gross profit, operating income, net profits, and cash flows in the previous quarter.