Oriental Weavers Carpet
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breakout above resistance** can signal strong upside potential.

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#### **1️⃣ Chart Pattern & Breakout Potential**
- The stock is forming a **descending triangle**, which is often bearish, but **a breakout above resistance** can signal strong upside potential.
- The price is consolidating near **24.23 EGP**, close to a breakout point.
- If the price **breaks above 25.08 EGP**, it could trigger a strong rally.

#### **2️⃣ Key Levels to Watch**
- **Immediate Resistance:**
- **24.77 EGP** → Break above this = first bullish confirmation
- **25.08 EGP** → Major breakout level 🚀

- **Support Levels:**
- **24.00 EGP** (bulls need to defend this)
- **18.66 EGP** (worst-case scenario)

#### **3️⃣ Indicators Supporting a Bullish View**
✅ **RSI (45.91)** → Near 50, if it crosses **above 50-55**, bullish momentum increases.
✅ **MACD** → Although slightly bearish, a **bullish crossover** could confirm the breakout.
✅ **Volume (5.19M)** → A **spike in volume** will validate an upward move.

#### **4️⃣ Bullish Targets 🚀**
- **📍 First Target:** **27.00 - 28.00 EGP**
- **📍 Second Target:** **30.00 - 32.00 EGP**
- **📍 Ultimate Target:** **36.00 EGP** (if strong momentum follows)

#### **5️⃣ Ideal Bullish Trade Setup 🎯**
- **Entry:** On breakout above **25.08 EGP** (with strong volume).
- **Stop-Loss:** Below **24.00 EGP** (to protect downside risk).
- **Take Profit:** Gradually at **27.00 - 30.00 EGP**.
- **Confirmation:** Watch for RSI moving above 50 and MACD crossing bullish.

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### **🔹 Final Thoughts**
- **If ORWE breaks above 25.08 EGP, the next stop is 27-30 EGP.**
- **Watch volume closely! A big move needs strong buying pressure.**
- **Bulls should hold as long as 24.00 EGP support holds.**

🚀 **If volume confirms, this could be a strong breakout trade!**

Đã hủy lệnh
get out look for the green
Ghi chú
im back again in lets try this wave so much volume

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