Healthy Consolidation After a New ATH El Nasr Clothing & Textiles Co.EGX_DLY:KABOmnmabroukw36ix📈 KABO: Healthy Consolidation After a New ATH 🚀 The Fundamentals 🧵 KABO remains one of the established textile manufacturers on the EGX with a resilient revenue base and diversified exposure to both local and export markets. 📈 The company continues to benefit from improving technical momentum despite ongoing pressure from raw material costs. 🏭 Its long-term outlook remains constructive as long as operational performance continues to improve. ✅ ☪️ Sharia Compliance ✅ Sharia-Compliant. KABO's core business activity is permissible, and its financial structure satisfies the EGX33 Shariah screening criteria. still it is not part of the index. The Pulse ⚡ After spending several months in consolidation, KABO broke out in June before successfully retesting its primary support level. 📊 The stock confirmed another bullish breakout last week, reinforcing the long-term uptrend. 🚀 Following the new all-time high at 7.61 EGP, the stock has entered a healthy digestion phase characterized by declining volume and lower highs. ⏳ A normal pullback toward 7.10 EGP would improve the technical structure before another attempt to break the all-time high. 💎 🧱 The Key Structural Boundaries 🚀 Breakout Trigger, 7.61 EGP. A close above this level confirms the continuation of the bullish trend. 🎯 First Target, 7.61 EGP. A successful breakout above the all-time high. 💎 Second Target, 8.65 EGP. The next major technical objective. 🚀 Final Target, 9.60 EGP. The long-term upside target. 🛡️ Support Zone, 6.80 EGP. The preferred accumulation area on a healthy pullback. 🛡️ Secondary Support, 6.50 EGP. A deeper pullback to this level would provide another attractive entry opportunity. ⛔ Stop-Loss, 6.13 EGP. A daily close below this level invalidates the current bullish structure. The Verdict 🎯 The long-term trend remains bullish despite the current consolidation. ✅ A healthy pullback should improve the probability of another successful attack on the all-time high. 📈 Patient investors may find better risk-to-reward opportunities near the defined support levels rather than chasing strength. 💰 If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑