ALDAR Technical OverviewPosted on Thursday, August 24 2017 at 4:46 am GMT+0000
Bouncing of the range’s lower boundaries.
The daily trend remains to be bound by a sideways trading range. Capped by the 2.44 level on the upside, the share lack any clear trending characteristics as marked by its price movement. Trend indicators however are still pointing towards a stronger Bearish side. While the short term remains in a Bearish mode with the share approaching from the medium term range’s lower boundaries. And although the 2.30 has shown first signs of providing support, intraday Bullish patterns would be needed before ruling out any further decline.