ADI SHORTwe have been keen observers of Moroccan real estate stocks since June 2023. after a spectacular two-year run, they have (ADH, ADI, & RDS) started showing signs of exhaustion.
ADI has formed a classic Head & Shoulder pattern signifying a potential reversal of the bullish trend. we will be looking to short once the recent retracement is complete.
bonus: ADH is also retracing after forming a double top.
ADI trade ideas
On the way to 600 DHs...watch closely!Based on my in-depth analysis, I remain confident and am maintaining my buy position on Alliances shares, despite the 23% gain already achieved. The indicators show me that the stock can easily reach the 600 DHs level, unless the market makers decide to change their strategy....