DIGITIZE EGX | Breakout or Breakdown? Key Levels & Trading StratDIGITIZE FOR INVESTMENT AND TECHNOLOGY (EGX) is currently trading at EGP 3.00, showing signs of consolidation within a descending triangle pattern. The price is attempting to break out from a downtrend, with Ichimoku cloud resistance and key support levels in play.
In this analysis, I outline a Stop-Loss & Take-Profit strategy to navigate the next move efficiently.
🔹 Key Resistance Levels:
EGP 3.60 → First target
EGP 3.90 → Second target
EGP 4.90 - 5.00 → Strong breakout potential
🔹 Key Support Levels:
EGP 2.75 → Near-term support
EGP 2.30 - 2.40 → Strong support zone
Entry: Buy after a confirmed breakout above EGP 3.20
Take-Profit 1: EGP 3.60
Take-Profit 2: EGP 3.90
Take-Profit 3: EGP 4.90 - 5.00
Stop-Loss: Below EGP 2.75
