Cairo – Mubasher: Technical analysis by Mubasher Trade Research indicates that the stock of Sharm Dreams Company for Tourism Investment has continued its positive movement, as it managed to break out of the resistance at EGP 24.33 and stabilize near the EGP 26 level.
The technical indicators still support the upward trend, as the Relative Strength Index (RSI) shows movement above the neutral level, while the price maintains trading above the moving average that acts as a moving support for the price.
According to Mubasher Trade Research, the price is currently moving in a sideways manner without breaking through main levels. However, maintaining trading above the support level of EGP 24.30 – EGP 23.60 enhances the chances of ongoing rise to the EGP 27.90 level.
If the stock succeeds in surpassing this level, this would support the continuation of the upward movement to the EGP 32.20 – EGP 32.25 level.
In the case of holding below the support level with two consecutive candles without an opposing or repelling candle, it may pave the way for targeting the EGP 22.25 level, followed by EGP 21.55.
Price Movement Summary
The Sharm Dreams stock began its trading in 2025 with a sideways movement in January and February.
Starting from March, the price succeeded in rising, forming higher highs and higher troughs until January 2026, with a noticeable increase in trading volumes.
Important note: This analysis is based solely on the principles and tools of technical analysis and reflects a purely analytical perspective that may vary depending on the methods of interpretation and assessment. 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.
