MBEG Set to Soar: Poised for a Historic Rally Back to EGP 118%

2 mar

Here’s a **bullish publication idea** for **M.B. Engineering (EGX: MBEG)**, focusing on its potential rally to **EGP 118**, retesting its **2008 highs**:

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# **MBEG Set to Soar: Poised for a Historic Rally Back to EGP 3! 🚀🔥**

M.B. Engineering (EGX: MBEG) is showing strong signs of a **major breakout**, with technical and historical indicators aligning for a potential rally back to its **2008 high of EGP3**.

## **Key Bullish Signals:**

✅ **Historical Resistance Turned Support**
MBEG previously hit **EGP 3 in 2008**, marking a significant level of interest. As the stock consolidates, it appears poised to **retest this critical level**, potentially signaling a new uptrend.

✅ **Volume and Momentum Increasing**
A rise in **trading volume** and **buy-side demand** suggests growing investor confidence, setting the stage for a potential surge.

✅ **Technical Breakout Incoming**
- If MBEG **breaks above recent resistance**, it could trigger a **parabolic move**.
- Watch for a clean breakout above **near-term resistance**, which could **confirm the trend reversal**.

✅ **Egypt’s Market Recovery & Sector Growth**
With **Egypt’s economic reforms** and increased **construction/infrastructure investments**, MBEG is well-positioned to benefit from **higher demand and sector expansion**.

## **Final Thought:**
If MBEG maintains its **upward momentum**, a retest of **EGP 118%** is **not out of reach**. Smart investors are keeping a close eye—**don’t miss the move!** 🚀📈

*What’s your price target for MBEG? Drop your thoughts below!* ⬇️💬

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Would you like to add any **charts, technical indicators, or market news** to strengthen this publication? 🚀Clear Divergence on the 4H time frame with increasing volume

6 giorni fa

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