ADX Technical OverviewPosted on Wednesday, October 11 2017 at 4:47 am GMT+0000
Short term longs activated above 4450.
Trading scenarios continues to remain on hold in the medium term, since Abu Dhabi General Index is still maintaining its neutral picture on the Daily charts. While short term traders continue to find minor trends within the medium term range. Bullish breakout above previous intraday top at 4450 has strengthened the short term outlook and allowed for the activation of new positions. With initial targets reached at 4470, permitting traders to take partial exits and trail positions to the entry level protecting current profits against any surprising shift in momentum.