ISMQ: One More Stretch Before a Healthy Reset? Iron & Steel for Mines & QuarriesEGX_DLY:ISMQmnmabroukw36ixISMQ: One More Stretch Before a Healthy Reset? ⛏️ ISMQ continues to trade in a powerful long-term uptrend, supported by one of the strongest balance sheets on the EGX. The company remains debt-free, generates exceptional margins, and occupies a strategic position in Egypt's iron ore supply chain. However, both the fundamentals and the technical structure are becoming increasingly stretched, suggesting that upside from current levels may be limited. The Pulse 📈 I see room for one final extension toward 9.70, which aligns with my next major Fibonacci extension target. 🎯 Beyond that level, I don't see any meaningful Fibonacci objectives that justify chasing the rally. ⚠️ The first major support sits around 8.65, which also marks the 38.2% Fibonacci retracement from the recent all-time high. 📊 This level coincides with a strong bullish order block that previously launched the stock to new highs, making it a healthy pullback zone. ✅ If you already own the stock, I would continue holding for one more upside leg. 📈 I would only consider exiting if the price breaks decisively below the 8.65 order block. 🛑 For investors looking to initiate a position, I would avoid buying at current levels and instead wait for a deeper correction toward 7.30, which is my estimated fair value for the stock. 💰 The Verdict 🎯 ISMQ remains one of the strongest fundamental names in the Egyptian basic resources sector, but much of that strength appears to be reflected in the current price. Existing shareholders can continue riding the trend while respecting the 8.65 support. New buyers should remain patient and wait for the market to offer a more attractive risk-reward entry closer to fair value. If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑