ORAS: Bullish Setup Building Below the Upper Band Orascom Construction PlcEGX_DLY:ORASmnmabroukw36ix📊 ORAS: Bullish Setup Building Below the Upper Band 🚀 🏛️ The Fundamentals: ORAS remains one of the most attractive large-cap infrastructure plays on the EGX, with strong hard-currency exposure, a massive backlog and attractive valuation multiples relative to the Egyptian sector. 💰 Even after the recent parabolic wave, the stock still appears relatively cheap compared with sector valuations, although the technical rally means patience is important. 📊 📈 The Pulse: After the parabolic wave, ORAS pulled back from the ATH and reacted from the first Fibonacci support around 680 EGP without breaking it, which is a very positive sign. 📐 At the same time, price has not yet broken the first Fibonacci level of the current pullback around 730 EGP, keeping the stock in a sideways consolidation phase. 📊 Price is now entering a squeeze pattern while trading just below the upper Bollinger Band, which could set up the next expansion move. 🔥 For me, the key signal will be a breakout from this consolidation supported by strong trading volume. 🚀 A confirmed high-volume breakout would provide the entry signal and could restart the broader bullish wave. 📈 For medium-term investors, the current consolidation zone is also a reasonable area to consider building a position, provided the risk level is clearly defined. 🎯 🧱 The Key Structural Boundaries: Breakout Trigger: High-volume breakout above the current squeeze and the 730 EGP area 🚀 First Target: 812 EGP, the ATH, Investing.com fair value and Faisal Bank annual target 🎯 Second Target: 850 EGP, my calculated fair value 💰 Final Target: 890 EGP, Rumble annual target 🚀 🛡️ Risk Management: My stop-loss is a confirmed break below the strong 680 EGP support level. 🛑 As long as ORAS holds above 680 EGP, the broader bullish structure remains intact. 📈 🎯 Verdict: ORAS remains one of my preferred large-cap infrastructure plays because the fundamentals and valuation continue to support the long-term bullish thesis. 💰 Technically, the 680 EGP level has been strongly defended, while the 730 EGP level remains the key resistance that needs to be cleared. 📊 I want to see the breakout confirmed by strong volume before treating the move as the next major bullish wave. 🚀 For medium-term investors, this setup is attractive as long as the 680 EGP structural support remains intact. 🛡️ The roadmap is 812 EGP, then 850 EGP, followed by 890 EGP if momentum remains strong. 🎯 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑