Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicated that the stock of Obour Land for Food Industries is moving in a strong upward direction, as the price has currently reached a historical peak at EGP 26.50, surpassing the previous historical peak at EGP 25.80.
The nearest significant demand zone for forming buying positions will be around the EGP 24.40 – EGP 23.40 levels.
Mubasher Trade Research noted that if the price reaches the demand zone and shows positive price behavior, this will be a signal for a rebound and targeting the EGP 26.50 area.
Meanwhile, surpassing this level will push the price towards EGP 27.50, followed by the EGP 28.20 level, and then to the EGP 29.85 zone.
Mubasher Trade Research noted that the support should be maintained at EGP 23.85 to keep the upward trend.
Price Movement Summary
Obour Land stock experienced a sideways and volatile trend in January 2025.
Starting from February, the stock succeeded in rising, forming higher highs and higher lows with a noticeable increase in trading volumes, which led the stock into a major upward trend until January 2026, achieving a new historical peak at EGP 26.50.
Important note: This analysis relies solely on the foundations and tools of technical analysis and reflects a purely analytical perspective that may vary depending on the methods of interpretation and estimation. What is stated in this report should not be considered a direct recommendation to buy or sell, nor an invitation to make any investment decisions; it is for monitoring and study purposes only. Investment decisions are the sole responsibility of the investor based on their financial situation and personal goals.
