RAYA - EGX : Technical Analysis / Daily and Weekly time-framesRaya Holding for Financial Investments SAEEGX_DLY:RAYAsnourRAYA 1. Trend & Macro Structure (Weekly Timeframe) Primary Trend: Strongly Bullish. Key Structural Breakthrough: The stock completed a major macro breakout above its long-term ascending resistance line (Zone 5.75 – 6.00 EGP), accelerating into an explosive multi-month rally. Current Phase: Following a peak at 8.68 EGP, the price is currently undergoing a classic breakout retest and profit-taking consolidation. Weekly Indicators: - MACD (12, 26, 9): Bullish alignment above the zero line (0.935 / 0.898), confirming strong underlying structural momentum. - RSI (14): 72.71 — Maintaining position in elevated bullish expansion territory, though showing minor cooling off from peak overbought extremes. 2. Short-Term Price Action (Daily Timeframe) Pattern Realization: RAYA broke out of a multi-week symmetrical triangle / pennant continuation structure near 7.55 – 7.60 EGP, pushing rapidly to test 8.68 EGP. Current Dynamics: The recent pullbacks over the last few sessions towards 7.89 EGP represent a normal health-check retest of the breakout base. Daily Indicators: - RSI (14): Re-entered neutral ground at 54.80, resolving short-term overbought conditions without breaking market structure. - MACD: Lines are flattening around 0.24 with histogram momentum ticking neutral (-0.000), indicating short-term momentum deceleration prior to direction confirmation. 3. Key Technical Levels Technical Level | Price (EGP)| Significance •Major Target / Resistance 2|9.50 – 9.80Triangle breakout pattern measured target. •Immediate Resistance 1 |8.68Recent swing high / local supply ceiling. •Short-Term Pivot / Rebound Level8.10 – 8.20 Intraday hurdle to confirm bull resumption. •Current Close | 7.89Neutral consolidation zone. •Immediate Support (Breakout Zone)7.40 – 7.60 Top boundary of broken triangle & primary pull-back buy zone. •Primary Structural Support / Stop |7.00 – 7.15 Major trendline support & structural invalidation level. 4. Scenario Analysis & Next Sessions Expectation Primary Scenario: Bullish Retest & Rebound (High Probability) Expectation: Price stabilizes in the 7.50 – 7.80 EGP region. As long as 7.40 EGP holds on a daily closing basis, the consolidation remains structural health. Trigger: A daily move back above 8.10 EGP on expanding volume will signal the end of the corrective phase, reopening the pathway toward 8.68 EGP, with an extended target reaching 9.50+ EGP. Secondary Scenario: Deeper Retracement (Low-to-Medium Probability) Expectation: If selling pressure breaches 7.40 EGP, a deeper retest toward the lower bound of the underlying trendline at 7.00 – 7.15 EGP will occur. Risk Management: A daily close below 7.00 EGP invalidates the short-term bullish momentum, requiring a transition to a defensive stance.