MCQE: New Highs Required Before the Next Bullish LegMisr Cement Co. (Qena)EGX_DLY:MCQEmnmabroukw36ix📊 MCQE: Break Above the All-Time High Could Trigger the Next Expansion Wave 🚀 🏛️ Fundamental Review: 📊 Business Quality: MCQE is one of Egypt's strongest cement producers, benefiting from exceptional earnings growth, strong export demand, and significant institutional ownership. 🏗️ ✅ Strengths & Catalysts: The company continues to deliver outstanding financial performance, with Q1 2026 net profit more than doubling year-over-year while maintaining strong pricing power across its regional markets. 📈 Its attractive valuation, expanding clinker exports, and backing from major institutional investors make it one of the strongest fundamental stories in Egypt's cement sector. 💪 ⚠️ Risks: Despite its excellent fundamentals, the stock remains sensitive to coal prices, energy costs, and transportation expenses. ⚠️ After its strong multi-year rally, the price may experience healthy corrections before resuming its longer-term uptrend. 📉 ☪️ Sharia Compliance: MCQE is compliant with the index's Sharia screening methodology. ✅ 💰 Valuation: The stock continues to trade at an attractive valuation relative to its earnings growth, making it one of the stronger long-term industrial opportunities on the EGX. 💎 🔍 The Pulse: MCQE remains in a strong long-term uptrend, but I am still waiting for a confirmed breakout above the all-time high before becoming more aggressive. 📈 A confirmed close above the previous all-time high would signal the start of the next bullish expansion wave. 🚀 Failure to break the upper boundary of the long-term rising channel could trigger another healthy correction toward the middle or even the lower channel support. 📉 The Order Block around 160 EGP remains one of the strongest demand zones on the chart and should attract buyers if tested. 🛡️ Until the breakout is confirmed, patience remains the best strategy. ⏳ 🧱 The Key Structural Boundaries 🚀 Breakout Trigger, Above the All-Time High. A confirmed close above the previous all-time high signals the beginning of a new bullish leg. 🎯 First Target, 280.00 EGP. The projected technical expansion target following the breakout. 📍 Major Support, 160.00 EGP. A strong Order Block where buyers are expected to defend the trend. ⚠️ First Warning, Middle Trend Channel. A rejection from the upper channel could lead to a healthy pullback toward this support. 🛑 Stop Loss, Below the 200-day Moving Average. A confirmed close below the 200-day Moving Average invalidates the bullish structure. 🎯 The Verdict: MCQE remains one of the strongest fundamentally driven industrial stocks on the EGX. 🏆 The technical structure remains bullish, but confirmation above the all-time high is still required before considering new positions. 📈 A successful breakout could open the door toward the 280 EGP target, while any pullback toward the Order Block may provide a better risk-reward opportunity. 🤝 Patience is key until the market confirms the next expansion phase. 🛡️ --- If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑