Cairo – Mubasher: The stock of Act Financial is moving within a consolidation range inside a descending triangle, and the price has bounced off the EGP 2.60 support level multiple times, confirming the importance of this level as a key support zone.
At the beginning of February 2026, the stock began forming higher highs and higher lows, an initial indication of a relative improvement in momentum and an attempt to change short-term price behavior.
Continuing the upward movement requires holding above the 2.85 EGP level, supported by high trading volumes, which could support a rebound towards EGP 2.92–EGP 3.00.
A close above the EGP 3.00 resistance level would reinforce the return of a positive outlook for the stock and improve buying momentum, opening the way for targets of EGP 3.05 and then EGP 3.14.
Conversely, holding below the EGP 2.75 level would weaken the upward potential.
Act Financial's stock began trading in 2025 in a fluctuating sideways range without breaking through key levels during January and February.
The price then experienced sharp selling pressure from March until June. The price then began to rise in July, supported by high trading volumes, and entered a sideways range with a negative bias, forming lower highs and lows until February 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.
