Cairo – Mubasher: Arab Aluminum's stock reached a historic high near EGP 23.90 in December 2025. Following this, the stock experienced a sharp correction while maintaining key support levels and is currently trading within a descending wedge pattern, a bullish reversal pattern.
Mubasher Research noted that the stock successfully broke through the upper boundary of the pattern near the EGP 20.70 resistance level and then retested the support.
Holding above the EGP 20.05-20.40 range, coupled with high trading volumes, strengthens the likelihood of continued upward movement towards EGP 21.18.
A break above this level could push the price toward EGP 21.55–22.60. Conversely, holding below EGP 20.00 indicates weak upside potential in the short term.
Price Action Summary
Arab Aluminum's stock experienced significant volatility throughout 2025. The stock began the first half of the year with a minor downward trend, accompanied by weak trading volumes, which pushed the price down from EGP 15.50 to EGP 10.50.
At the beginning of July, the stock began to break through the January resistance level, with a noticeable improvement in trading volumes. The upward trend continued until December, reaching a historic high near EGP 23.90.
Later on, the stock experienced some profit-taking corrections while maintaining its overall upward trend.
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. The content 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.
