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الاجتماع الصباحى لجلسة يوم الخميس 30-07-2026 (التحليل الفنى- البورصة المصرية)

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Finance

Summary (Finance/Markets – EGX Technical Session Report, Thu 30-07-2026; posted July 29, 2026)

Mustafa Raafat (Astoool Securities) reviews EGX technical levels and individual stock setups following a mixed/volatile session where trading activity was concentrated in high-volatility/speculative names.

Market tape / indices (EGX)

  • EGX 30: closed down ~102 points (reported “~100 points”; “102 points to be exact”).
  • Turnover: about 11 billion EGP.
  • Sector/market character:
    • No major new broad-market change; volatility-active stocks (speculative) became active again.
    • Market described as “dominated by skepticism” (buyers/sellers not one-sided).

Investor flows (executing parties)

  • Participation: ~20% institutions / ~80% individuals.
  • Egyptian individuals: net selling about 133 million EGP
    • Net numbers emphasized as choppy / not decisive.
  • Egyptian institutions: net buying about 185 million EGP
    • Framed as small relative to ~2 billion EGP total volume (~7–8% of transaction value), so he downplays their influence.

Technical framework / methodology mentioned

  • Trend confirmation vs. anticipation

    • Do not “anticipate” events in uncertain trends; wait for confirmation.
    • In an uptrend, trades can “chase” if the stock behavior matches the indicator; the uptrend is expected to correct mistakes.

  • RSI regime filter

    • Prior sharp correction zone around ~90–92 RSI.
    • Current RSI ~83 (still elevated).
    • Rule cited: if RSI > 70 across 30/70/100 indicators, the market is considered “in the clear.”

  • Profit protection / risk management

    • Raise profit protection levels (effectively trailing stops) above key thresholds.
    • If price falls below protection → treat it as the start of a correction / reduce exposure.

EGX 30 / indicator levels (trend, supports, targets)

30-day indicator (EGX 30 technical level)

  • Strong divergence around 53,627.
  • Could not break 54,200 resistance.
  • Confirmation requirement: above ~54,100–54,200 to treat the uptrend as confirmed.
  • Upside targets if confirmed:
    • 55,000 → 57,000 → 60,000

Supports / risk controls

  • Minor supports to protect profits: 53,400 and 53,380
  • Forced stop-loss (if protection fails): 51,800

Guidance on entries

  • If key levels are not being broken, he warns against extending “events”/trade actions until confirmation (avoid acting during uncertainty).

EGX 70 (buyers in control; short-term support)

  • EGX 70: closed around 18,422, at/near session high (18,423).
  • Interpretation: upward momentum and buyer control across short/medium/long (technical read).
  • Target reference: mentioned yesterday’s target 18,500; today’s high was below/near that.

Short-term profit protection / support

  • Very short-term support raised to ~18,100–18,000+ area.
  • Emphasis on 18,100 as a “line to avoid worry.”

EGX 100 explanation (why it’s preferred for “market performance”)

  • Index weighting differences:
    • EGX 30 has large relative weight from International Traders, cited as ~30–33% (last update ~32–33%).
    • EGX 70 uses equal weights across constituents (no “relative weighting flaw” like EGX 30).
  • He argues EGX 70 still has a flaw because it ignores EGX 30 constituents.
  • Conclusion: EGX 100 better reflects broader market behavior by combining coverage with adjusted weight logic.

Company-by-company (Egyptian equities) — key calls, levels, and cautions

Financials / Banks

Commercial International Bank (CIB)

  • Closed: 140.01 EGP (after trading through 141.40 earlier)
  • Closest minor support: 138 EGP
  • Rejected resistance: 144–145 EGP (described as strong due to repeated tests since Jan/Feb and again recently)
  • Upside trigger: bullish medium/short-term if it breaks above 145–146 EGP
  • Recommendation: Do not buy unless it breaks above 145–146 EGP (wait for correction + breakout)

Abu Dhabi Islamic Bank (ADIB)

  • Closed: 52.11 EGP; high 52.7 EGP
  • Minor support: 50.80 EGP (secondary support after breakout of 50 EGP)
  • Protection / stop-loss:
    • Mentioned levels 48.70 → 49.0 EGP
    • 49 EGP framed as the definitive stop-loss
  • Targets if holding: 55 → 58 → 60 EGP
  • Tone: current move is a correction, not a bearish reversal (so long as support holds)

Suez Canal Bank

  • Closed: 38.32 EGP
  • Earlier warning: no buying unless >40 EGP
  • If support breaks (referenced ~37.70 EGP):
    • Downside wave could target 36.5 EGP
    • Further downside mentioned: ~33.33 EGP
  • Recommendation: no new buys; trade cautiously if support breaks

Cleopatra Hospital (Clebera Hospital in subtitles)

  • Entry rule:
    • No building buy positions without an explicit break above 18 EGP
  • If already holding:
    • Hold only while >16.5 EGP
    • If breaks below 16 EGP → could revisit 16 EGP (strongest support)

Nile Pharmaceuticals

  • Closed: 225 EGP; low 224.11 EGP
  • Still uptrend but in moderate correction
  • Hold while >220 EGP
  • If it breaks: more selling pressure; could revisit 198–200 EGP

Palm Hills

  • Closed: 14.60 EGP
  • Risk framing (short-term)
  • Buy zone: around 14.50 EGP
  • Stop-loss: 14.20 EGP
  • Targets: 15 → 15.30 EGP
  • Horizon: very short-term (T+0/T+1)

Heliopolis Housing & Development (New Egypt in subtitles)

  • Looks “messy”; preference is to wait
  • Preferred buy only after breakout above 8.52 EGP
  • If buying earlier would be risky:
    • Stop-loss around 7.85 EGP
    • He estimates ~6% risk for that scenario
  • If breakout occurs: risk reduces (smaller effective risk via tighter stop logic)

Madinat Misr Housing & Development

  • Wants entry after >8.20 EGP break
  • Targets: 8 → 9 EGP (flat)

Telecom / Tech sector

Telecom Egypt

  • High 108 EGP, closed 106.80 EGP
  • Support: 102.5 EGP
  • Confirmation trigger: close/break above 107 EGP, ideally wait for >108 EGP
  • Notes: “buyers present” due to bounce above 107 intraday, but he wants close confirmation

Fawry for Information Technology

  • Closed around 19 EGP
  • Resistance: 19.70 and 19.80
  • If breaks: target 21.5 EGP
  • Emphasis: battle/divergence—no one side clearly winning yet

iFinance

  • Sideways; waiting for breakout
  • Resistance: around 24 EGP
  • No new action until >24 breaks

Food/Commodities & Consumer stocks (EGX)

Cairo Poultry

  • Closed: 37.80 EGP
  • Supports referenced:
    • Minor: 37.00
    • Major: 36.00
  • Targets referenced earlier: 40.00 then 41.50
  • Repeated plan emphasis:
    • Upside target zone 40–40.5 and stop framing
    • “Stop at” around 37.5 EGP (sub-support level)
    • Upside targets: 40.5 → 41.60 EGP

Mansoura Poultry Trading

  • Rose to 2.5 EGP / 2.7 EGP, but closed 1.97 EGP
  • Warning: no new positions
  • Resistance 2–2.5 is not to be bought until a breakout

Construction / Real estate (other EGX names)

Talaat Moustafa (still mentioned; Palestine market)

  • Down today; real estate weakness noted
  • Closed: 97.59 EGP
  • Confirmation level: 100.4 EGP
  • Upside continuation uncertain until >104 EGP
  • Medium-term positivity while >96.40
  • If falls to ~92 EGP: described as “life or death” (trend break)

Arabiya for Assets

  • Tight sideways range; closed about 2.38 EGP
  • No new clear buy opportunity without improved level/resistance conditions

Other featured “breakout monitoring” trades (examples)

  • Media Production City

    • Closed ~45.80, then reached 47.27 EGP high
    • Stable; profit protection raised to 45.50 EGP
    • Targets: 48 → 50 EGP

  • SODAK

    • Breakout: “closed above 29” and reached 29.20
    • Remains positive above 26.20–26.25 EGP
    • Initial target: 30 EGP

  • Iron & Steel / Mines & Quarries

    • Breakout monitoring requires criteria; “9.70” breakout referenced and tracking failure to close above certain thresholds
    • Plan mentions target/zone: 9.40+ EGP
    • Stress: do not buy unless it breaks >9.70

  • Nasr Civil Works

    • Earlier move wasn’t confirmation; needs close above 7.0 “tomorrow”

  • Sharm Dreams (Charmy/Sharm Dreams in subtitles)

    • Positive breakout; closed 59.84 EGP
    • Next target: 64 EGP
    • Profit protection raised to 57.5 EGP (he notes “above 55” is acceptable; next level 57.5 used)

Speculative/high-volatility names active today (as he frames it)

  • Alexandria Bakery Mills
  • Aliko
  • North Cairo Mills
  • Arab Metal Industries / Arab Valves (formerly Arab Valves)

Specific near-term levels mentioned

  • Alexandria Mills & Bakeries

    • Closed around 103.50 EGP (and referenced 99–155 intraday)
    • Session high near 155 EGP
    • Profit protection raised to 125 EGP
    • Next support timeframe: 15-minute
    • Short-term upside: 170–180 EGP

  • Arab Metal Industries

    • Positive close
    • Nearest miner support around 12.5 EGP, with major around 12.5 EGP
    • Profit protection around 13 EGP
    • Comfort above 12.5 EGP

Explicit recommendations / cautions (risk messaging)

  • Core stance: avoid buying without breakout confirmation (resistance break + close rules).

  • “No buy unless breakout above X” examples:

    • Suez Canal Bank: buy only if >40 EGP
    • CIB: wait for >145–146 EGP
    • Cleopatra Hospital: no buys unless >18 EGP
    • iFinance: wait for >24 EGP
    • Other real estate/cross-sector examples also rely on hold above key supports or wait for breaks.

  • Risk sizing example:

    • For Heliopolis Housing, stop-loss at 7.85 EGP implies roughly ~6% risk, and he reduces risk further by using smaller position sizing until the 8.52 EGP breakout occurs.

Disclosures / disclaimers

  • Report prepared from information believed accurate/reliable.
  • Company and author not legally responsible for any investment decisions based on the report.
  • Framed as educational/technical reporting rather than legally binding advice.

Presenter / source

  • Mustafa Raafat — Head of the Technical Analysis Department, Astoool Securities and Bond Brokerage Company.

Original video