LCSW: Healthy Shakeout Keeps the Bullish Trend Intact Lecico Egypt SAEEGX_DLY:LCSWmnmabroukw36ixπ LCSW: Healthy Shakeout Keeps the Bullish Trend Intact π π§ The Pulse LCSW confirmed its breakout above the major resistance at 30.70, successfully retested it, and then launched into a parabolic rally toward its all-time high and fair value target around 37.00. π The recent pullback came on low volume, which is a healthy sign as it allows momentum indicators to cool without aggressive selling. βοΈ Today's candle looks alarming at first glance, as it briefly revisited the breakout level around 30.70 on very low volume, likely triggering stop-loss orders. β οΈ This resembles a classic market maker shakeout, designed to absorb liquidity before the next leg higher. π― As long as the stock does not close below 33.70, the primary bullish trend remains intact. πͺ π§± The Key Structural Boundaries Bullish Line: A daily close above 33.70 keeps the bullish structure intact. π’ Key Support: 30.70 remains the major breakout level. π‘οΈ First Target: Fair value target around 37.00. π― Final Target: Upside potential extends toward 44.00 if momentum continues. π βοΈ The Verdict The recent weakness appears to be a healthy shakeout rather than a trend reversal. π As long as 33.70 holds on a closing basis, the outlook remains bullish with targets at 37.00 and potentially 44.00. π If you like my insights, follow and boost! πππ π $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix β¨πΈπ€