Arab Ceramic Co. (CERA) – Breaking a Multi-Year Ceiling?Arab Ceramic Co. - Ceramica RemasEGX_DLY:CERAsnourCERA Weekly Chart Arab Ceramic Co. - Ceramica Remas (CERA) on the weekly (1W) timeframe. This chart is presenting an incredibly clean and textbook setup that usually gets technical analysts very excited. 🔍 The Big Picture: Escaping the Long-Term Box If you look back at the dashed orange lines stretching across the chart from 2020 all the way to 2025, CERA spent years bouncing up and down inside a massive horizontal trading range. The Breakout: In late 2025, buyers stepped on the gas pedal and pushed the price clean out of that years-long channel (following the solid green uptrend line). This shift completely flipped the stock's long-term personality from sideways to bullish. 📈 The Short-Term Setup: A Beautiful Bullish Pennant Since hitting a major multi-year peak at 1.39 EGP, the stock has been consolidating. This pause in price action has carved out a beautiful Symmetrical Triangle / Pennant pattern right on top of its new support zone: The Declining Ceiling (Blue Line): Sellers have been capping the recent rallies, making lower peaks. The Rising Floor (Red Line): Meanwhile, buyers refuse to let the price drop too low, establishing a solid floor right around 0.93 - 1.00 EGP (which perfectly lines up with the old multi-year orange ceiling—classic "old resistance becomes new support"). The Breakout is Happening Now: Look closely at the most recent weekly candle! CERA is currently trading at 1.25 EGP, actively poking its head above the blue downward trendline. This tells us the buyers are trying to regain total control. 🎯 The Trading Plan The Entry: Current market levels around 1.21 - 1.25 EGP are highly attractive as the price confirms the breakout from this weekly triangle. Target 1 (Short-term): 1.39 EGP (retesting the recent major peak). Target 2 (Medium/Long-term): 1.56 EGP (projected target based on the depth of the triangle, marked by the orange arrow and dashed green path). 🛡️ Managing the Risk To stay safe against any sudden market reversals or fake breakouts: Stop Loss: A weekly candle close back inside the triangle below 1.05 EGP would invalidate the breakout and signal that the stock needs more time to cook. Do you think CERA has the volume to sustain this weekly breakout and hit 1.56 EGP? Let me know your thoughts in the comments!