ALDAR Technical Overview

ALDAR Technical Overview

Further correction.

While the primary trending characteristics continuing to be somehow Bearish, traders shall remain neutral and wait to see any signs of immediate reversal before materializing new longs. With the medium term remaining Bullish, the recent correction that was initiated from 2.44 had had broken through the previous daily swing level at 2.31, with scope for prices to continue the downside move to a retest of the previous daily bottom at 2.19. Therefore, entries should be activated only if clear support signs were confirmed above that level.