Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the stock of Mansoura Poultry Company is moving within a downward trend that reflects clear pressure on the recent price performance.
The stock lately succeeded in breaking through the downward line and retested the trend line.
Moreover, the stock has shown positive price behavior, while the Relative Strength Index (RSI) is indicating positioning above the support levels for buying power, which indicates the strength of the current upward movement.
Trading above the secondary support at EGP 1.65 enhances the chances of targeting the EGP 1.80 zone. Meanwhile, if the price succeeds in surpassing this level, the next target will be EGP 1.85 that will be followed by the EGP 1.90 level.
The price needs to stabilize above the resistance of EGP 1.80, which would be a strong signal of buyers regaining control and pushing the price to higher targets.
Mubasher Trade Research emphasized that it is important to maintain support at EGP 1.65 to prevent any declines to the EGP 1.60 level.
Price Movement Summary
The stock of Mansoura Poultry started 2025 with a noticeable rise during the first quarter (Q1), where it began to form higher highs and higher lows accompanied by high trading volumes.
Starting from May and until June, signs of weakness in price behavior appeared, and the stock entered a deep downward correction.
This was followed by an upward trend by forming higher peaks until October while achieving a historic peak at EGP 2, after which the price experienced a downward correction that continued until December.
Important note: This analysis is based solely on the foundations and tools of technical analysis and reflects a purely analytical perspective that may vary depending on the methods of reading and interpretation. What is stated in this report should not be considered a direct recommendation to buy or sell, nor an invitation to make any investment decisions; it is for monitoring and study purposes only. Investment decisions are the sole responsibility of the investor based on their financial situation and personal goals.
