EPCO: Technical Setup Looks Promising, But Fundamentals are WeakEgypt for Poultry Co.EGX_DLY:EPCOmnmabroukw36ix📊 EPCO: Technical Setup Looks Promising, But Fundamentals Remain Weak ⚠️ Fundamental Review: EPCO is a speculative micro-cap poultry producer operating in Egypt's defensive food sector, but its financial quality remains weak. 🐔 The company continues to report operating losses despite owning valuable agricultural assets and processing facilities. 📉 Rising feed, energy, and imported input costs continue to pressure margins and profitability. ⚠️ Although the sector benefits from steady domestic demand, the stock lacks the financial strength required for a long-term investment. 🚫 The Pulse EPCO remains a weak fundamental stock, but it has historically respected technical levels remarkably well. 📊 If you want to understand this behavior, check my previous analysis published on May 11. 📚 I have now updated the technical structure to reflect the latest price action. 🔄 The stock became technically stretched after today's rally, with most momentum indicators reaching overbought conditions. 📈 My base case is a pullback toward the strong resistance-turned-support around 10.00. 🎯 The more likely correction target is the major support level at 9.41. 🛡️ If selling pressure accelerates, the final support sits at 8.55, where I expect a strong bullish reaction. 💪 After the correction, a confirmed close above 10.54 would signal the continuation of the uptrend. 🚀 🧱 The Key Structural Boundaries Breakout Trigger: A confirmed close above 10.54 activates the bullish continuation. 📈 First Target: The 52-week high at 12.25. 🎯 Second Target: The triangle breakout objective at 13.72. 📐 Final Target: My estimated fair value around 15.30. 💰 The Verdict The technical setup remains attractive despite the company's weak fundamentals. ⚠️ Keep position sizes small, as the financial picture does not justify a large allocation. 💼 A break below the major support at 8.55 should be treated as the stop-loss. 🛑 Patient traders should wait for the breakout above 10.54 before considering new positions. ✅ If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑