Cairo - Mubasher: Technical indicators revealed that the stock of e-finance for Digital and Financial Investments points to an upward trend, as the price recently reached a new all-time high of EGP 26.68 before entering a correction phase due to profit-taking.
Currently, the price faces resistance based on Fibonacci retracement levels at EGP 20.05.
A confirmed break above this level and sustained resistance are required to complete the upward trend.
Mubasher Research elaborated that in case the price successfully surpasses this level, it will open the way for testing the all-time resistance at EGP 26.68.
A sustained break above this level would strengthen the target for new price levels at EGP 21.25. The support level of EGP 18.50 must be maintained to prevent further declines.
If the price manages to hold below the support level, the nearest support level will be around EGP 17.80-EGP 17.40.
Price Action Summary
e-finance’s stock had a negative start to 2025 in January and February, opening at EGP 12.40 and falling to EGP 10.45. Starting in March, the stock entered a sideways trend, and the price managed to rise in April with a noticeable improvement in trading volumes, as the stock entered a strong upward trend and achieved a historic peak of EGP 26.68 in January 2026.
Disclaimer:
This analysis is based on technical analysis tools and reflects a comprehensive analytical view that may vary depending on interpretation methods.
It does not constitute a direct recommendation to buy or sell, nor an invitation to make investment decisions. This is intended solely for monitoring and study purposes. Investment decisions are the sole responsibility of the investor, based on their financial situation and investment goals.
