ELSH: Bullish Structure Remains Intact, ATH Retest in Focus

Wait 5 sec.

ELSH: Bullish Structure Remains Intact, ATH Retest in FocusEl-Shams Housing & Development SAEGX_DLY:ELSHmnmabroukw36ixπŸ“Š ELSH: πŸš€ Bullish Structure Remains Intact, ATH Retest in Focus πŸ” The Pulse: ELSH continues to display a very positive structure. The recent pullback has been shallow and constructive. Price is currently consolidating within a flag pattern, accompanied by declining volume, which supports the continuation scenario. A breakout from this formation could pave the way for a retest of the all time high. 🧱 The Key Structural Boundaries 🟒 Fair Value, 15.8 EGP. This level represents the stock's estimated intrinsic value and remains a key medium term objective. 🎯 Technical Target, 19 EGP. A successful breakout could unlock further upside toward this level. πŸ›‘οΈ First Support, 12.25 EGP. This corresponds to the Fibonacci 38.2% retracement level and serves as the first important support area. πŸ”΄ Stop Loss, Below 10.5 EGP. A break below this level would invalidate the current bullish setup. --- If you like my insights, follow and boost! πŸ™ŒπŸ’™πŸš€ 🎁 $15 TradingView Discount: πŸ”— https://www.tradingview.com/pricing/?share_your_love=mnmabroukw36ix βœ¨πŸ’ΈπŸ€‘