EGAS – Ascending Triangle Breakout on 10X VolumeEgypt Gas Co.EGX_DLY:EGASmnmabroukw36ixEGAS – Ascending Triangle Breakout on 10X Volume 📉🔥 The Reality: I see a critical "Infrastructure Engine" powering Egypt’s energy transition. Revenue grew 20% to reach EGP 9 billion in FY 2025, with a solid 25% jump in net profit for the first nine months. As the primary executor of the national natural gas delivery project, its growth is directly tied to national development. The Cash Cycle: I note that despite the high revenue, immediate cash margins remain tight. This is a capital-intensive business; cash conversion is heavily dependent on milestone payments from government contracts. However, I find the 2025 profit growth highly reliable because it is almost entirely operational. 🛡️⚡ The Valuation: I find the 49.30 EGP is the fair value. By applying an adjusted P/E of 21x to the 2.18 EGP EPS, and adding a premium for the 72%+ profit growth trend, I see a target that anticipates continued aggressive expansion. 📈🎯 The Technical Breakout: I observe that the stock was recently in an ascending triangle pattern. Today, it broke out with massive volume nearly 10x the average. I consider this a very strong signal of a bullish wave aimed at the 52-week high and my fair value target. Sharia Status: ✅ Confirmed Compliant. I confirm that EGAS passes Sharia screening, making it an accessible core pick for ethical portfolios. ☪️📜 Technical Analysis: Strong Breakout but I am looking for the retest. 🎢🧗 The Triangle Break: I noticed the stock finally cleared the ascending triangle today. The fact that volume was 10x the average confirms that this isn't just retail noise; it's institutional conviction. 🚀✨ The Support Levels: I see 44.50 as the primary support for a retest. If the price holds here, it confirms the breakout's validity. My ultimate safety net is the 200MA at 43.60. ⚓🧱 The Target: I believe the stock is following technical rules perfectly. Once the retest is complete (if it happened), I expect a rally toward the 52-week high and eventually my 49.30 fundamental target. 🛰️🏁 The Entry: I am not chasing the spike. I would like to see a retest to 44.50 to enter or increase my position, ensuring a better risk-to-reward ratio. 🔍🗝️ Verdict: I classify EGAS as a "Fundamental and Technical Buy." I am looking at a stock that is finally seeing its price catch up to its infrastructure importance. I see the path to 49.30 as increasingly likely following today's volume surge. 🛡️🔝 If I like my posts, I follow and boost 🙌 🎁 Get a $15 discount on your next subscription: 🔗 https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸