Cairo – Mubasher: The technical movements of Cairo Poultry’s stock indicate a current strong corrective wave after reaching its historic peak at EGP 28.65, as the price declined and broke through an important support level at EGP 24.75, according to Mubasher Trade Research.
However, the recent price behavior shows a return of buying power, as the price approaches its previous peak again.
Technically, the success of the price in stabilizing and holding above the digital resistance level at EGP 27.60, which is derived from Fibonacci retracement levels, is a strong indicator of targeting the level of EGP 28.35 as the first target, paving the way for a retest of the historic peak at EGP 28.65.
Cairo Poultry stock remains backed at the level of EGP 25.75 as the first important support zone that must be maintained to prevent any medium-term declines.
If the price manages to stabilize below the level of EGP 25.65, it may push the stock toward the EGP 24.95 and EGP 25.00 zones.
Price Movement Summary
The Cairo Poultry stock began trading in 2025 at a level of EGP 10.14, entering a strong upward trend characterized by the formation of rising peaks until May, before experiencing a sharp price correction at the beginning of June, which led the price to enter a sideways range that continued until September.
At the beginning of October, the stock succeeded in breaking through this sideways range, achieving a historic peak of EGP 28.65 in November.
Important Note: This analysis relies solely on the foundations and tools of technical analysis and reflects a purely analytical perspective that may vary depending on the methods of interpretation and estimation. What is stated in this report is not considered a direct recommendation to buy or sell or an invitation to make any investment decisions, but rather for monitoring and study purposes. Investment decisions are the sole responsibility of the investor based on their financial situation and personal goals.
