ALDAR Technical Overview
Posted on Wednesday, September 28 2016 at 4:28 am GMT+0000Turning point at 2.75.
The recent break below 2.70, 61.80% retracement level signaled weakness in the prevailing bias, and suggesting extended bearish implications, pushing long term traders to monitor for any signs of reversal before entering new long positions. Also the last decline below 2.73 cancelled all bullish scenarios for both the medium and short term, so traders will be obliged to wait for the completion of any reversal form before taking new market entry decisions, which will be validated by the upwards break of the 2.75 intraday top.
| aldar-en-2016-09-28 |
