Zahraa Maadi - ending of sideway - low risk

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Zahraa Maadi - ending of sideway - low riskZahraa Maadi Investment & DevelopmentEGX_DLY:ZMIDGeorgeShokry@zmid - timeframe: 1 day The long-term uptrend remains intact after a daily close above 7.80 with volume exceeding 80 million shares. Sideways action from July 27 until today formed an ascending triangle, confirmed today by an ultra-high-volume daily close above 7.80. Trade plan: - Entry: 7.85–7.95 - Support: 7.80 | Stop-loss: 7.30 - Minimum target: 8.50 Why minimum? The stock is in a clear long-term uptrend. While buyer power announced itself in a market taking profits up to 1.30%, Zahraa Maadi's stock still rose by more than 6%. *Note: This analysis is based solely on the weekly chart and represents a personal opinion, not investment advice. Please consult your account manager before investing. Good luck!*