Price Levels
Current Price: 1.41 AED
High: 1.61 AED - Low: 1.40 AED
Ask Price: 1.42 AED - Bid Price: 1.41 AED
Trend Analysis
Technical Indicators
✅ Relative Strength Index (RSI)
✅ Moving Averages
✅ Volume Analysis
Support and Resistance
Support Level: 1.40 AED (A break below could accelerate selling)
Resistance Levels:
Recommended Approach
For short-term traders: Wait for a confirmation of a bounce before entering. If 1.40 AED holds, a small rebound to 1.46-1.50 AED is possible.
For long-term investors: Avoid buying until there’s a clear breakout above 1.50 AED with strong volume.
Stop Loss: If you are already holding, consider setting a stop-loss below 1.38 AED to manage risks.
⚠️ Risk Warning: If the price fails to hold 1.40 AED, further downside movement towards 1.35-1.30 AED may occur.
Current Price: 1.41 AED
High: 1.61 AED - Low: 1.40 AED
Ask Price: 1.42 AED - Bid Price: 1.41 AED
Trend Analysis
- The stock has been in a downward trend since early March, with consistent lower highs and lower lows.
- A sharp drop occurred recently, pushing the price below key moving averages.
- Price is trading below the Ichimoku Cloud, indicating a strong bearish momentum.
Technical Indicators
✅ Relative Strength Index (RSI)
- RSI is below 30, signaling that the stock is oversold.
- A potential short-term rebound could happen if buyers step in.
✅ Moving Averages
- The stock is below all major moving averages, which confirms the bearish trend.
- Unless it crosses above resistance levels (1.46-1.50 AED), the trend is likely to continue downward.
✅ Volume Analysis
- There is a slight increase in selling volume, reinforcing the bearish pressure.
- A shift in volume could indicate a trend reversal, so monitoring volume spikes is crucial.
Support and Resistance
Support Level: 1.40 AED (A break below could accelerate selling)
Resistance Levels:
- 1.46 AED (Short-term resistance)
- 1.50 AED (Stronger resistance level)
- 1.55-1.60 AED (Major resistance, needs strong buying pressure to break)
Recommended Approach
For short-term traders: Wait for a confirmation of a bounce before entering. If 1.40 AED holds, a small rebound to 1.46-1.50 AED is possible.
For long-term investors: Avoid buying until there’s a clear breakout above 1.50 AED with strong volume.
Stop Loss: If you are already holding, consider setting a stop-loss below 1.38 AED to manage risks.
⚠️ Risk Warning: If the price fails to hold 1.40 AED, further downside movement towards 1.35-1.30 AED may occur.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.