Cairo - Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the Al Khair River for Development Agricultural Investment and Environmental Services Company (Nahr Elkhair) has been moving within a wide sideways range between the support level of EGP 0.445 and the resistance at EGP 0.66.

The stock succeeded to break through the important resistance level at EGP 0.66, which is currently considered a critical testing barrier as it represents a significant technical resistance and a sentimental barrier for traders at the same time.

If the price successfully and firmly breaks through this level, accompanied by strong trading volumes, it would pave the way to target the level of EGP 0.79; however, if this level is surpassed, the next target would be EGP 0.91 and to be followed by the EGP 1.05 level.

Mubasher Trade Reserch added that the price is testing the support level again, and it is also near an important demand zone at the level of EGP 0.615 - 0.595. If it remains below EGP 0.57, the next selling targets are likely to be at the nearest support level of EGP 0.530.

Price Movement Summary

Nahr Elkhair stock began its trading in 2025 with a sideways range from the beginning of the year until the beginning of December without breaking through key levels.

Recently, the stock succeeded in exiting the sideways range that lasted for a full year, with a noticeable increase in trading volumes.

Important note: This analysis is based 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.