MCRO — Triangle Breakout Continues Toward 1.75

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MCRO — Triangle Breakout Continues Toward 1.75Macro Group Pharmaceutical S.A.E.EGX_DLY:MCROIbrahim_BTCMCRO confirmed a bullish breakout from the descending triangle structure on the daily chart, followed by strong upward momentum and a sequence of higher highs. The previously identified targets at 1.26, 1.30, 1.50, and 1.59 have all been reached. After testing higher levels, the stock is currently consolidating near 1.56 while remaining above the former breakout area and the rising long-term moving average. The next challenge is the 1.59–1.60 resistance zone. A confirmed daily close above this area would strengthen the continuation scenario toward 1.68, followed by the primary target at 1.75. Achieved targets: 1.26 / 1.30 / 1.50 / 1.59 Next target: 1.75 Key support levels: First support: 1.50–1.54 Second support: 1.45–1.46 Key resistance levels: First resistance: 1.59–1.60 Second resistance: 1.68 The technical structure remains constructive while the price holds above the 1.50 area. A daily close below 1.45 would weaken the breakout structure and increase the risk of a deeper correction. Educational content for research purposes only. This is not a recommendation to buy or sell. Do your own research before making any investment decision.