Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicate that the Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents’ (Rameda) stock has been moving within a volatile sideways trend since the beginning of 2026, without breaking through main levels.
The price needs to hold above the EGP 3.50 resistance level with high trading volumes to break out of the sideways range.
Moreover, the price recently tested and maintained the EGP 3.05 support level.
According to Mubasher Trade Research, holding above the EGP 3.15 level will push the price towards EGP 3.21 and then to EGP 3.25 as speculative targets, followed by the EGP 3.30–EGP 3.34 peak level.
The support level of EGP 3.07–EGP 3 should be maintained to avoid decline and to continue the possibility of targeting higher levels.
Summary of Price Movement
In 2025, Rameda stock began the year trading with sideways movement and low trading volumes in January.
Starting from February, the price managed to break out of the sideways movement with high trading volumes, rising from EGP 2.39 to EGP 3.60 in May.
This was followed by entering a volatile sideways movement without breaking through main levels from May until January 2026.
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 reading and interpretation.
What is stated in this report should not be considered a direct recommendation to buy or sell or 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.
