MPCI (Memphis Pharma): The State-Owned Momentum PlayMemphis Pharmaceutical & Chemical IndustriesEGX_DLY:MPCImnmabroukw36ixMPCI (Memphis Pharma): The State-Owned Momentum Play 💊⚓ The Index Gap: Even though the industry is "halal," MPCI remains outside the EGX33 Shariah Index. As with many state-owned entities, the lack of a dedicated Sharia board or specific debt-ratio thresholds keeps it off the official list. ☪️🚫 The Cash Disconnect: While the stock has seen massive price appreciation recently, the disconnect between reported earnings and actual Operating Cash Flow is a major vulnerability. In this market, when the music stops for low-cash companies, the correction is usually vertical. 💸📉 The Technical Roadmap: The Gatekeeper: 176.00 EGP is the "line in the sand." This resistance has become a psychological ceiling. 🧱 The Rule: No new entries without a high-volume daily close above 176.00. Buying right under resistance is a classic "Retail Trap." 🪤⚠️ The Support: If the correction you fear triggers, watch for the first major support to form around the 152. 🩹 Sharia Confirmation: ❌ Status: Non-Compliant (Not Listed). Verdict: Hold & Trail. If you're in, trail your stop-loss tightly. For everyone else, stay on the sidelines until 176.00 is convincingly conquered. 🛡️⚖️ If you like my posts, please follow and boost 🙌 🎁 Get a $15 discount on your next subscription: 🔗 https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸