SAUD: Final Resistance Could Trigger a Major Breakout Al Baraka Bank EgyptEGX_DLY:SAUDmnmabroukw36ix📊 SAUD: Final Resistance Could Trigger a Major Breakout 🚀 🏛️ The Fundamentals: SAUD remains one of the strongest fundamentally positioned banking stocks on the EGX, with attractive valuation multiples relative to the banking sector and strong profitability. 💰 The main weakness is liquidity, as the limited free float of around 25% restricts trading activity and can make entries and exits less flexible. ⚠️ 📈 The Pulse: SAUD has been showing positive momentum over the last couple of weeks, supported by improving market sentiment and renewed buying interest. 📈 At around 23 EGP, the stock is approaching the strong resistance zone at 23.36 EGP, which I consider the last major barrier before a much more bullish continuation. 🚀 A confirmed breakout above 23.36 EGP would significantly strengthen the bullish structure and could open the way toward new all-time highs. 🔥 For a better risk-to-reward entry, I would prefer a pullback toward 23 EGP rather than chasing the breakout. 🎯 If the resistance breaks with strong momentum, the technical setup becomes considerably more attractive. 💥 🧱 The Key Structural Boundaries: Breakout Trigger: 23.36 EGP 🚀 First Target: 25.50 EGP, the ATH 🎯 Second Target: 27.00 EGP, my calculated fair value 💰 Final Target: 28.00–28.50 EGP, Investing.com / fundamental fair-value area 🎯 🛡️ Risk Management: My stop-loss is a confirmed break below the main support around 21.93 EGP. 🛑 As long as SAUD holds above this support, the bullish structure remains intact. 📈 ☪️ Sharia Compliance: STATUS: COMPLIANT Al Baraka Bank Egypt operates according to Islamic Sharia principles and has a dedicated Sharia Supervisory Board that reviews the bank's operations and products. 🎯 Verdict: SAUD combines strong fundamentals, attractive banking-sector valuation and improving technical momentum. 💎 The limited free float and relatively low liquidity are the main concerns, so I would prefer buying a pullback toward 23 EGP rather than chasing the price. 🎯 A confirmed breakout above 23.36 EGP would make the setup significantly more bullish, with 25.50 EGP as the first major target. 🚀 Above the ATH, 27 EGP becomes the next valuation target, followed by the 28.00–28.50 EGP fair-value zone. 💰 For existing shareholders, I would remain invested while the stock holds above 21.93 EGP. 📊 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑