ALDAR Technical OverviewPosted on Monday, May 29 2017 at 4:52 am GMT+0000
Long term neutral overview is obliging traders to wait for clear Bullish developments before preparing to materialize new positions. After the recent break above 2.25 that shifted the medium term picture into Bullish, the formation of a daily top at 2.31 has initiated a corrective wave. Hence with that correction approaching from initial level at 2.16, support confirmation signals are needed before targeting a reposition of previous longs. At the meantime, only an immediate break above 2.31 could act as trigger for medium term traders.