FRECHEM: Breakout Watch, Confirmation Still Needed Ferchem Misr Co. for Fertilizers & ChemicalsEGX_DLY:EGS385S1C012mnmabroukw36ix📊 FRECHEM: Breakout Watch, Confirmation Still Needed 👀 🔍 The Pulse: FRECHEM showed very positive signs today. 📈 For now, the signal remains incomplete and requires further confirmation. 🔎 A strong volume breakout and close above 81.19 EGP is needed to activate the setup. 🚀 The ideal entry zone sits around 82 EGP. 🎯 Traders should closely monitor the reaction around the major resistance at 83.68 EGP. ⚠️ 🧱 The Key Structural Boundaries 🚀 Breakout Trigger, 81.19 EGP. A strong close above this level confirms the bullish setup. 🎯 Entry Zone, 82 EGP. Preferred entry after breakout confirmation. 🛡️ Major Resistance, 83.68 EGP. The key hurdle before the next upside leg. 🎯 First Target, 88.4 EGP. The next major upside objective. 💎 Final Target, 96.5 EGP. A retest of the all time high. 🔴 Stop Loss, 81.2 EGP. A failure back below this level invalidates the trade. 🎯 The Verdict The setup is promising but not confirmed yet. Wait for a strong close above 81.19 EGP before entering. If price fails at 83.68 EGP and closes back below 81.19 EGP, exit immediately. Breaking 83.68 EGP could unlock a move toward 88.4 EGP and eventually 96.5 EGP. This is an active trade that requires close monitoring rather than a passive set and forget approach. --- If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: 🔗 https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑