Bullish Trend Analysis ,Trend is your Friend ### **๐ Egyptian Transport (EGYTRANS) โ Bullish Trend Analysis ๐**
Your chart on **EGYTRANS (EGX:ETRS)** shows signs of a potential **bullish trend**, but confirmation is needed. Hereโs a detailed analysis:
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### **โ
Bullish Trend Confirmation:**
1๏ธโฃ **Support Holding at 4.507 EGP** โ Important level.
2๏ธโฃ **Breakout Possible Above 4.968 EGP** โ Key resistance zone.
3๏ธโฃ **RSI at 48.89** โ Neutral, needs to cross 55 for bullish momentum.
4๏ธโฃ **MACD Crossover Forming** โ Could push price higher.
5๏ธโฃ **Volume Profile Shows Buyers** accumulating around 4.9-5.2 EGP.
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### **๐ Trade Setup:**
- **Entry:** Above **5.208 EGP** for strong confirmation.
- **Target 1:** **6.199 EGP** (Resistance level).
- **Stop-Loss:** Below **4.507 EGP** to limit downside.
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### **๐ Key Observations:**
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If price **stays above moving averages**, bullish trend strengthens.
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**Volume must increase** on breakout to confirm trend shift.
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**Watch for a retest of 5.208 EGP** before a stronger rally.
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๐ฅ **Final Verdict:** **Bullish but needs breakout confirmation above 5.208 EGP.**