ADIB
ADIB Abu Dhabi to target 46 after crossing 39 (blue line)ADX:ADIB
ADIB (ADX ), on the 1-hour chart, is seen as trying to cross the resistance line (blue) at 39, then the target will be 46.
EITHER Buy here, and stop loss is 37.6
OR Buy after crossing the blue line at 39, and Stop Loss at 38.8
Another scenario is going to test the support (red line) at 35.5, then it is a buy opportunity to go up to 39.5 (blue).
Stop Loss is 35.4
Either ways, it is a nice trading opportunity.
BEWARE ON STRONG RESISTANCE PULLBACK - ADIB - 30 MN - IDEAThank you for your likes and shares! Much appreciated!
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Abu Dhabi Islamic Bank sees a range forming after a long fall. Very little chance of rapid recovery.
ADIB have strong probability to come and test the red strong resistance line.
Beware on pullback down on that line.
If the market breaks the resistance, there is a strong probability of profitable long direction profitable trade.
Wait for the market to break its actual range before any entry and follow the trend after nice candlestick showing break of ADIB actual very narrow range.