EFID: Stay Patient Until the Breakout Edita Food Industries SAEEGX_DLY:EFIDmnmabroukw36ix📊 EFID: Stay Patient Until the Breakout ⏳ 🔍 The Pulse: EFID remains one of the most defensive stocks on the EGX. 🛡️ Despite its defensive nature, I do not recommend entering at current levels. ⚠️ The stock has been in a downtrend since its February all time high, consistently printing lower highs. 📉 A confirmed breakout is needed before the technical picture turns bullish. 🚀 Until then, preserving capital is the priority. 💰 🧱 The Key Structural Boundaries 🚀 Entry Trigger, 28.86 EGP. A breakout above the main resistance is the first bullish confirmation. 📈 Pattern Confirmation. Price must also break above the upper boundary of the triangle pattern. 🛡️ Stop Loss, 25.12 EGP. A break below the 200 day moving average or the lower triangle boundary invalidates the setup. 🎯 Downside Target, 20 EGP. The measured target if the triangle breaks to the downside. 🎯 The Verdict Stay on the sidelines while price remains inside the triangle. A breakout above 28.86 EGP offers a safer entry with stronger confirmation. If you already own the stock, treat a break below 25.12 EGP or the lower triangle boundary as your stop loss. Protecting capital is more important than anticipating the breakout. --- If you like my insights, follow and boost! 🙌💙🚀 🎁 $15 TradingView Discount: 🔗 https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix ✨💸🤑