MTIE: Healthy Pullback Could Reload the Bullish Wave MM Group for Industry & International TradeEGX_DLY:MTIEmnmabroukw36ix📊 MTIE: Healthy Pullback Could Reload the Bullish Wave 🚀 🏛️ The Fundamentals: MTIE combines a strong distribution network with growing exposure to Egypt's fintech and NBFS ecosystem. 📈 The 27% ROE and very low 0.05x debt-to-equity ratio provide a strong financial foundation for the long-term bullish thesis. 💰 Valuation ratios are still above average, but they are not yet at levels that I consider excessively expensive, leaving room for a healthy correction without damaging the broader setup. 📊 📈 The Pulse: MTIE has been trading inside a clear uptrend channel since March. 📐 Price has touched the upper band of the channel several times and has now started a correction. 📉 After such a strong move, I consider a shallow pullback a healthy development that could cool the indicators and prepare the stock for another bullish wave. 🔄 I see the 8.90 EGP area as a reasonable pullback zone as long as the overall uptrend structure remains intact. 🎯 A successful reaction from this level could provide the fuel for another attempt toward the ATH and higher targets. 🚀 🧱 The Key Structural Boundaries: Pullback Zone: Around 8.90 EGP, where I expect the correction could find support 🎯 Stop-Loss: A confirmed close below 8.00 EGP 🛑 First Target: 10.40 EGP, the ATH 🚀 Second Target: 11.20 EGP, Investing.com fair value 💰 Final Target: 13.00 EGP, my calculated fair value 🎯 🎯 Verdict: MTIE remains technically bullish as long as the uptrend channel and key support levels hold. 📈 The current correction does not concern me because the stock has room for a shallow pullback while maintaining its broader bullish structure. 📊 I would watch the 8.90 EGP area closely for a potential reaction and continuation of the bullish momentum. 🎯 The main invalidation level is 8.00 EGP, and I would consider a close below it a clear warning to exit. 🛑 If the bullish wave resumes, the roadmap is 10.40 EGP, 11.20 EGP and eventually 13.00 EGP. 🚀 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑