The stock has been in a downward trend since 2022, but the severity of the decline cannot be observed until the end of 2025. It coincides with the release of two pieces of news. Is there any logical basis for the sharp decline? ? ?
1-Egypt’s Kuwait Holding Company announced the start of a project to recycle plastic waste and produce oil in the UK, worth approximately 60 million pounds, with an investment ratio of 85%.
2-Egypt’s Kuwait Holding Company announced that its profit in the third quarter of 2025 decreased by approximately 21.23% year-on-year.
technical analysis
On the weekly chart, the 20 and 50 EMAs converged, falling from the price top.
On the contrary, the index during the 100 and 200 periods remains above the price
RSI index is oversold, there are bearish signals, I’m still waiting
Trading volume is negative and sellers dominate the trend
Price is approaching monthly support areas of 652, 644 and 621 as expected top and bottom levels
Personally, I believe that the end point of the decline is at the 664 and 656 levels, when a double bottom is formed.
Prices in the above mentioned area are suitable for both short and long term investors, as for shareholders (patience, patience, patience, providence, kindness)
May God bless everyone with success and safety
This is not a recommendation to buy or sell

Source link