$MPRC - Beware of the bears trap** EGX:MPRC - 1-Day Timeframe**
A highly complete bearish Gartley pattern is forming.
- **Sell Point:** Around 26.50
- **Stop Loss/Reentry:** 28.17 (estimated loss: -7.00%). A close above 28.17 would signal continued upward momentum.
- **First Target:** 23.70 (estimated profit: 10.40%)
- **Second Target:** 22.00 (estimated profit: up to 16.87%)
**Notes:**
- The RSI shows weakness but remains above 70, indicating strength. A close below 70 would signal a halt to the upward trend. Until then, the stock remains positive for the long term.
- This analysis is based on the 1-day timeframe.
**Disclaimer:** This is not investment advice—only my interpretation of the chart data. Consult your account manager before making any decisions. Good luck!
