SCEM: One Breakout Away From a Parabolic Move

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SCEM: One Breakout Away From a Parabolic Move Sinai Cement Co.EGX_DLY:SCEMmnmabroukw36ixπŸ“ˆ SCEM: One Breakout Away From a Parabolic Move πŸš€ The Fundamentals πŸ—οΈ SCEM remains one of the strongest turnaround stories on the EGX after its major balance sheet restructuring. πŸ’° The company has significantly reduced its debt while returning to strong profitability. πŸ“ˆ Its attractive valuation and Sharia-compliant status continue to support the long-term investment case. βœ… The main challenge remains weak sentiment across the cement sector rather than company-specific fundamentals. 🏭 The Pulse ⚑ SCEM continues to trade with remarkable strength despite the bearish momentum affecting the cement sector. πŸ“Š The stock is trying to hold above its major structural support while waiting for a fresh catalyst. ⏳ Any positive sector or company-specific news could trigger a strong parabolic advance. πŸš€ There is a bearish Fair Value Gap around 68.00 EGP that could temporarily slow the current rally or attract a short-term pullback. ⚠️ A decisive breakout above that zone would significantly improve the probability of a continuation toward new highs. πŸ“ˆ 🧱 The Key Structural Boundaries πŸš€ Breakout Trigger, 68.00 EGP. A close above the bearish Fair Value Gap confirms the continuation of the bullish trend. 🎯 First Target, 75.00 EGP. A retest of the all-time high. πŸ’Ž Second Target, 80.00 EGP. The next major technical objective following the ATH breakout. πŸš€ Final Target, 85.00 EGP. The long-term upside target. The Verdict 🎯 The long-term trend remains firmly bullish despite the sector's weakness. βœ… The preferred accumulation area remains above 63.31 EGP to avoid a deeper correction. πŸ’Ž A two days close below the 200-day moving average would invalidate the current bullish structure and serves as the technical stop-loss. πŸ›‘οΈ A breakout above 68.00 EGP could mark the beginning of the next major impulsive wave. 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€‘