CIRA: Breakout Confirms the End of the Correction

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CIRA: Breakout Confirms the End of the Correction Cairo For Investment And Real Estate Developments -CIRA EducationEGX_DLY:CIRAmnmabroukw36ixπŸ“ˆ CIRA: Breakout Confirms the End of the Correction πŸš€ The Fundamentals πŸŽ“ CIRA remains one of the strongest long-term growth companies on the EGX, combining two resilient sectors: education and real estate. πŸ“ˆ Its diversified education platform, expanding campus network, and strong earnings recovery continue to support the long-term investment story. πŸ’Ό Despite trading at a premium valuation, the company's dominant market position justifies continued institutional interest. βœ… βœ… Sharia-Compliant. CIRA's core education business activity and financial structure satisfy the EGX33 Shariah screening criteria. The Pulse ⚑ CIRA has completed its Elliott Wave five-wave impulsive cycle and successfully finished an ABC corrective pattern. 🌊 Today's session confirmed the breakout above the ABC correction with strong trading volume while printing a new 52-week high. πŸš€ The preferred entry is a healthy pullback toward 30.00 EGP. πŸ’Ž If momentum continues, a daily close above 32.21 EGP would provide another attractive breakout entry. πŸ“ˆ If the stock trades between these two levels without confirmation, patience is preferred until either the pullback or breakout occurs. ⏳ 🧱 The Key Structural Boundaries πŸš€ Breakout Trigger, 32.21 EGP. A close above this level confirms the continuation of the bullish trend. 🎯 First Target, 34.00 EGP. The first major technical objective following the breakout. πŸ’Ž Second Target, 35.00 EGP. A retest of the all-time high. πŸš€ Final Target, 36.80 EGP. The long-term upside target. πŸ›‘οΈ Support Zone, 30.00 EGP. A pullback to this level would provide the preferred accumulation opportunity. β›” Stop-Loss, 28.50 EGP. A daily close below this level invalidates the current bullish structure. πŸ›‘οΈ Secondary Support, 27.45 EGP. A retest of the primary support level would offer an attractive long-term investment opportunity. The Verdict 🎯 The technical structure has turned bullish following the confirmed ABC breakout. βœ… Investors should avoid chasing the stock between support and breakout levels, instead waiting for either a pullback toward 30.00 EGP or a confirmed close above 32.21 EGP. πŸ’° As long as the stock remains above its key support levels, the probability favors a continuation toward the higher technical targets. πŸš€ If you like my insights, follow and boost! πŸ™ŒπŸ’™πŸš€ 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix βœ¨πŸ’ΈπŸ€‘