long for smart money and long investors up to April 2026Credit Agricole Egypt (EGX:CIEB) is currently fundamentally undervalued with a strong balance sheet and net cash position of 55.72 billion or 44.58 per share.
Wyckoff Analysis for EGX:CIEB
Using the Wyckoff Method, we analyze smart money accumulation and potential future price action.
Accumulation Zones (Smart Money Entry Points)
Primary Accumulation Zone: 19–18 EGP
Secondary Accumulation Zone: 13.50–14.60 EGP
Supporting Evidence:
Strong Support Level at ~17.1 EGP – Confirmed as a previous accumulation zone.
Extremely Low P/E (2.9) – Undervaluation likely attracted institutional buying.
Price Decline (-14.99% over 52W) – Classic Wyckoff accumulation behavior.
Smart Money Entry Below 20.0 EGP – Likely near the Last Point of Support (LPS) before markup.
🚀 Distribution Phase Projection (Future Exit Zone)
Per Wyckoff theory, smart money may begin distributing shares near fair value, estimated at:
Fair Value (FV) = EPS × P/E → 6.24 × (5–6) = 32.1~38.52 EGP
Investment Thesis (if suitable for your portfolio):
• ✅ Very low PE & high ROE
• ✅ Strong dividend yield (17.2%)
• ✅ Healthy balance sheet with large net cash
• ⚠️ Risks: Market liquidity, FX/capital controls, macro instability in Egypt
