LCSW: Healthy Shakeout Keeps the Bullish Trend Intact

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LCSW: Healthy Shakeout Keeps the Bullish Trend Intact Lecico Egypt SAEEGX_DLY:LCSWmnmabroukw36ixπŸ“Š LCSW: Healthy Shakeout Keeps the Bullish Trend Intact πŸš€ 🧠 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. πŸ“ˆ The recent pullback came on low volume, which is a healthy sign as it allows momentum indicators to cool without aggressive selling. ❄️ 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. ⚠️ This resembles a classic market maker shakeout, designed to absorb liquidity before the next leg higher. 🎯 As long as the stock does not close below 33.70, the primary bullish trend remains intact. πŸ’ͺ 🧱 The Key Structural Boundaries Bullish Line: A daily close above 33.70 keeps the bullish structure intact. 🟒 Key Support: 30.70 remains the major breakout level. πŸ›‘οΈ First Target: Fair value target around 37.00. 🎯 Final Target: Upside potential extends toward 44.00 if momentum continues. πŸš€ βš–οΈ The Verdict The recent weakness appears to be a healthy shakeout rather than a trend reversal. πŸ“Š As long as 33.70 holds on a closing basis, the outlook remains bullish with targets at 37.00 and potentially 44.00. πŸš€ If you like my insights, follow and boost! πŸ™ŒπŸ’™πŸš€ 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix βœ¨πŸ’ΈπŸ€‘