CIB STOCK
22 Jul 2026
by: khater
POTENTIAL DECLINE OF CIB STOCK
Here is a concise technical summary of the COMI chart: Technical Outlook: COMI (EGP) Current Context: The stock is approaching a major resistance zone (marked by the green lines) between 143.00 and 145.00 EGP. The Setup: Based on your visual strategy, the price is entering a "Supply Zone" where a reversal is expected. Target (Take Profit): The projected downside target is 122.77 EGP, which aligns with previous structural support. Risk Management: The Stop Loss is strictly set at 148.38 EGP. A daily close above this level invalidates the bearish thesis and signals a continuation of the uptrend.
Commercial International Bank (CIB) stock hits its target
22 Jul 2026
by: khater
The stock has reached 126 EGP, successfully achieving the vast majority of its previously projected bearish target at 122.70 EGP (the support zone highlighted in the blue rectangle) following its successful rejection from the heavy resistance area between 143 and 145 EGP. Current Standing: The stock has closely approached the support retest objective, printing a recent low near 126 EGP, which validates the accuracy of the price action analysis and the execution of the corrective downside scenario. Outlook: Given the close proximity to the pivotal support zone (122.70 - 126.00 EGP), price action must be monitored carefully for potential bullish exhaustion or a short-term relief bounce, provided that the current support area holds. Invalidation Level: The bearish technical structure remains entirely intact as long as prices trade below the strict invalidation threshold of 148.40 EGP.
