SCFM: Momentum Returns as Prepares to Challenge It Previous HighSouth Cairo & Giza Mills & BakeriesEGX_DLY:SCFMmnmabroukw36ix📊 SCFM: Momentum Returns as the Stock Prepares to Challenge Its Previous High 🚀 🏛️ Fundamental Review: 📊 Business Quality: SCFM (South Cairo & Giza Mills & Bakeries) is one of Egypt's strategic grain milling and food processing companies, playing an important role in the country's food security through flour, grain, pasta, and bakery production. 🌾 ✅ Strengths & Catalysts: The company has completed an impressive turnaround, returning to profitability after years of weak performance. 📈 Revenue growth continues to improve while asset sales have strengthened liquidity and supported operational restructuring. 💪 Its strategic position within Egypt's food supply chain provides stable long-term demand. 🏭 ⚠️ Risks: Profitability remains sensitive to wheat prices, imported raw materials, and government pricing policies. ⚠️ The stock has a relatively limited free float, making price movements more volatile during periods of heavy buying or selling. 📉 Future earnings still depend on maintaining the recent operational turnaround. 📊 💰 Valuation: SCFM continues to trade at an attractive valuation relative to its improving fundamentals, while the turnaround story remains intact. 💎 🔍 The Pulse: After successfully reaching my previous target at 314.00 EGP, the stock entered a healthy correction. 📉 The pullback tested both the upper boundary of the former downtrend channel and the 200-day Moving Average around 236.91 EGP before buyers regained control. 📍 The strong momentum candle printed today suggests the bullish trend may be resuming. 🚀 If buying pressure continues and the stock breaks above the previous 314.00 EGP high, I expect a new impulsive wave toward higher technical targets. 📈 The recent correction appears constructive rather than bearish, provided the major support levels continue to hold. 💪 🧱 The Key Structural Boundaries 📍 Major Support, 257.00 EGP. Holding above this level keeps the current bullish structure intact. 🚀 Breakout Trigger, 314.00 EGP. A confirmed close above the previous swing high signals the continuation of the uptrend. 🎯 First Target, 350.00 EGP. A retest of the all-time high area. 🎯 Second Target, 382.00 EGP. The next Fibonacci extension target. 🎯 Final Target, 450.00 EGP. The long-term technical objective if momentum remains strong. 🛑 Stop Loss, 257.00 EGP. A confirmed close below the major support invalidates the current bullish setup. 🎯 The Verdict: SCFM continues to be one of the strongest turnaround stories within Egypt's food sector. 🏆 The recent correction successfully held above the 200-day Moving Average before buyers returned with strong momentum. 📈 A confirmed breakout above 314.00 EGP would likely open the door toward 350.00 EGP, followed by 382.00 EGP and potentially 450.00 EGP. 🚀 Risk remains well defined with a stop below the major support at 257.00 EGP. 🛡️ --- If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑