AMOC: Strong Fundamentals, Breakout Setup in Progress Alexandria Mineral Oils Co.EGX_DLY:AMOCmnmabroukw36ix📊 AMOC: Strong Fundamentals, Breakout Setup in Progress ⛽ 🏛️ The Fundamentals AMOC remains one of the strongest value stocks on the EGX, combining solid earnings, a low valuation, conservative leverage, and an attractive dividend yield. 💰 Despite its quality, the stock still trades at a discount relative to many of its peers. 📊 The main fundamental concern is its relatively low free float, which can reduce liquidity. ⚠️ 🧠 The Pulse AMOC has been consolidating in a sideways channel since May while respecting its key Fibonacci support levels. 📈 Last week produced a strong momentum candle, increasing the probability of a triangle breakout in the coming sessions. 🚀 As long as the stock holds above the key support at 8.63, the bullish breakout scenario remains intact. 🛡️ The breakout will be confirmed with a move to a new all-time high above 9.23. 🎯 🧱 The Key Structural Boundaries Bullish Support: Hold above 8.63. 🛡️ Breakout Confirmation: Trade above the all-time high at 9.23. 🚀 First Target: Investing.com's fair value around 10.77. 🎯 Final Target: Fibonacci extension around 12.41. 📈 Next Step: If the breakout is confirmed, I will update the targets based on the triangle breakout projection. 🌟 ⚖️ The Verdict AMOC offers one of the strongest combinations of value and quality on the EGX. 💎 The technical setup is improving, and a confirmed breakout above 9.23 could start the next bullish leg. 🚀 Until then, maintaining support above 8.63 keeps the bullish outlook intact. 📊 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑