RMDA: Healthy Pullback After Triangle Target, Long-Term Bullish Tenth of Ramadan Pharmaceutical Industries & Diagnostic-RamedaEGX_DLY:RMDAmnmabroukw36ix📊 RMDA: Healthy Pullback After Triangle Target, Long-Term Bullish 📈 🏛️ The Fundamentals: RMDA remains a solid pharmaceutical growth story with strong export potential, defensive healthcare demand and a diversified product portfolio. 💊 However, pharmaceutical sector valuations have become relatively expensive, so I would not consider RMDA a cheap stock at current multiples. 💰 Its current valuation is still broadly within the sector range, but the sector itself is trading at elevated levels. 📊 📈 The Pulse: RMDA reached the extension target of its previous triangle pattern and has now started a pullback. 📐 There is no reason to panic at this stage because the pullback is happening with relatively low liquidity, suggesting limited selling pressure. 📉 The broader bullish structure remains intact as long as price holds above the 5.75 EGP support level. 🛡️ For me, RMDA is better treated as a long-term investment position rather than a short-term trade. 📈 A renewed bullish wave above the recent high around 7.40 EGP would confirm the continuation of the long-term uptrend. 🚀 🧱 The Key Structural Boundaries: Breakout Trigger: Reclaiming and breaking the ATH around 7.40 EGP with renewed momentum 🚀 First Target: 7.40 EGP, the previous ATH 🎯 Second Target: 7.80 EGP, my calculated fair value 💰 Final Target: 9.80 EGP, the long-term Fibonacci extension target 🚀 🛡️ Risk Management: As long as RMDA remains above 5.75 EGP, I would not exit the position. 🛡️ A confirmed break below 5.75 EGP would weaken the current bullish structure and invalidate my long-term setup. ⚠️ 🎯 Verdict: RMDA is going through a normal cooling phase after reaching the triangle extension target. 📊 The low liquidity during the pullback is a positive sign and does not currently indicate aggressive distribution. 📉 The key level remains 5.75 EGP, and holding above it keeps the long-term bullish thesis alive. 📈 I would treat RMDA as a long-term investment and look for another bullish wave toward 7.40 EGP, 7.80 EGP and eventually 9.80 EGP. 🎯 🕌 Sharia Compliance: Status: Compliant, subject to the latest EGX 33 Shariah Index screening. ☪️ RMDA is included in the EGX 33 Shariah Index, but investors should verify the latest screening before making a Sharia-based investment decision. 📋 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑