MASR: Riding the Bullish Wave to 6 EGP 🚀**
MASR is forming a strong **ascending triangle pattern**, respecting its **bullish trendline** while consolidating within a key range. The price recently bounced off support and is now pushing higher, showing signs of accumulation.
### **Technical Analysis:**
🔹 The price is holding above the long-term **trendline support**, signaling strength.
🔹 The **triangle pattern** suggests a breakout could be approaching.
🔹 **MACD & RSI are bullish**, indicating growing momentum.
🔹 **Volume Profile** shows strong interest around 4.00 EGP, reinforcing support.
### **Key Levels to Watch:**
📌 **Resistance Levels:** 4.36 – 4.75 EGP → **Breakout Target: 6.00 EGP**
📌 **Support Levels:** 4.00 – 3.46 EGP → **Invalidation below trendline**
A confirmed breakout above **4.75 EGP** could pave the way for a rally toward **6.00 EGP**, following the broader bullish trend. However, patience is key, as price action should be monitored for confirmation.
🚨 **Not Financial Advice – Always Do Your Own Research!** 🚨
What are your thoughts on this setup? 📈🔥
MASR is forming a strong **ascending triangle pattern**, respecting its **bullish trendline** while consolidating within a key range. The price recently bounced off support and is now pushing higher, showing signs of accumulation.
### **Technical Analysis:**
🔹 The price is holding above the long-term **trendline support**, signaling strength.
🔹 The **triangle pattern** suggests a breakout could be approaching.
🔹 **MACD & RSI are bullish**, indicating growing momentum.
🔹 **Volume Profile** shows strong interest around 4.00 EGP, reinforcing support.
### **Key Levels to Watch:**
📌 **Resistance Levels:** 4.36 – 4.75 EGP → **Breakout Target: 6.00 EGP**
📌 **Support Levels:** 4.00 – 3.46 EGP → **Invalidation below trendline**
A confirmed breakout above **4.75 EGP** could pave the way for a rally toward **6.00 EGP**, following the broader bullish trend. However, patience is key, as price action should be monitored for confirmation.
🚨 **Not Financial Advice – Always Do Your Own Research!** 🚨
What are your thoughts on this setup? 📈🔥
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.