KIMA: Bulls Need One More Confirmation Egyptian Chemical IndustriesEGX_DLY:EGCHmnmabroukw36ixKIMA: Bulls Need One More Confirmation ⚖️ After reaching a 52-week high at 15.37, KIMA experienced a deep correction that erased almost the entire previous bullish wave. The Fundamentals 📊 KIMA remains one of Egypt's leading fertilizer producers, backed by strong domestic and export demand. 🏭 The Kima 2 expansion continues to strengthen the company's long-term production capacity. 🚀 Management is targeting a recovery in net profit during FY2026/2027, providing a positive long-term catalyst. 📈 However, recent earnings have softened compared to last year. ⚠️ The company's high debt level remains the primary fundamental risk, especially in a high interest rate environment. 💰 Overall, the long-term story remains intact, but the current fundamentals do not justify chasing the stock at this stage. ⏳ The Pulse 📈 The stock is now testing its primary long-term uptrend line. 📊 A break below this trendline would significantly damage the bullish structure. 🚨 Price is also trading just below the key resistance at 12.50. 🎯 A breakout above 12.50 would be the first positive signal, but it would not be enough to confirm a new uptrend. ✅ I would only consider entering after a decisive move above the stronger resistance around 14.00. 💪 That breakout would complete the ABC correction and provide fresh upside targets. 🚀 The first objective would be a retest of the 15.50 area, aligning with both the previous 52-week high and my estimated fair value. 🎯 If the stock fails to reclaim 12.50, the probability of losing the long-term trendline increases. 📉 In that case, the next major support becomes the bullish order block around 11.70, which launched the previous rally. 🛡️ A break below 11.70 would invalidate the bullish thesis and expose the stock to downside targets near 9.50. 🛑 The Verdict 🎯 The long-term fundamentals remain constructive, but the technical structure has not confirmed a new bullish cycle yet. ⚖️ I remain on the sidelines until the stock clears the 14.00 resistance decisively. 👀 Until then, KIMA stays on the watchlist rather than the buy list. 📝 If you like my insights, follow and boost! 🙌💙 🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨