uptrend for #burjeelBURJEEL holding in #ADX market after reach to demand area 1.20~1.30 AED per share now start a Uptrend.
long position is recomanded with the SL 1.20 AED
if the downtrend line break price can reach 1.48~1.50 AED very soon.
BURJEEL
Burjeel Abu Dhabi : Watch for a new buy entryWeekly chart, the stock ADX:BURJEEL is on a downtrend since Nov. 2023.
Yet no solid signal of a rebounce.
However, it should start as soon as the price reaches the support level of 2.11.
It can even be earlier at 2.17 as the technical indicator RSI is near "buy" zone.
A close for 2 weeks below 2.11 should be a stop loss signal.
So, the new Buy should be after a clear rebound from the support, then the targets will be 2.4, 2.6 and 2.8 extended to 3.10
Ready for the moveBurjeel has spent 3 days already at the current level its just taking a pause before it make a big move to the upside. Get ready for this one, if tomorrow it opens with a gap up there are good chances it will break the resistance of 2.90 and touch 3.00 very soon.
On the other side if we see a gap down opening then it can come down to retest 2.80 area and we wait for buying opportunities in that area. Hopefully we see the first scenario happening. All the best.
Hit like & follow guys ;)
Hand onI am still bullish on this stock, its still in a uptrend as of now its in a ascending triangle chart pattern. With todays closing it have made a doji right at the resistance creating confusion for tomorrow. But i think its worth taking a chance as this stock has a potential to make big moves. It is good for intra day and swing trade too. Over all this is bullish stock in adx market.
Hit like & follow guys ;)
Breakout Soon ->Trend
Its in a strong uptrend for now, and its at a very crucial zone to break ascending triangle pattern. Get ready for some gains here.
Chart Pattern
From 15th August 2023 we are seeing its been trading in a tight range, and now its ready to explode most likely to the upside from here. I am targeting 3.10 zone in mid to short term.
Hit like & follow guys ;)
Burjeel At The Apex Of a Symmetrical Triangle I think coming week will be very interesting for Burjeel as its at a important area of support and right at the apex of the triangle. I am expecting a breakout to the upside. Lets see how it performs coming week.
Hit like & follow guys ;)
