E-Finance Breakout: Trendline Breach Signals Fresh Upside Potent

E-Finance (EGX) has just broken out of a descending trendline on the weekly chart, supported by momentum indicators turning bullish. The Ichimoku cloud shows that the price is attempting to re-enter bullish territory. With the MACD turning positive and the Squeeze Momentum shifting green, this breakout may be the start of a medium-term rally.

📌 Trade Plan
📥 Entry Zone: Between 17.50 – 18.25 EGP (current price or on a slight dip)

🎯 Take Profit Targets:

TP1: 19.85 EGP (upper Ichimoku cloud resistance)

TP2: 24.00 EGP (previous support-turned-resistance zone)

🛑 Stop Loss: Below 16.50 EGP (under recent swing low & trendline)

⏱️ Time Horizon: Medium-term (4–8 weeks)