ALDAR Technical OverviewPosted on Sunday, September 10 2017 at 5:52 am GMT+0000
New Bearish stage.
While the primary trending characteristics continuing to be neutral, traders shall remain outside of the market and wait to see a clearer technical picture before trying to accumulate new positions. In the medium term, the dip below 2.31 confirmed the completion of a Bearish reversal pattern. The underlying structure is now bearish and the share is at risk of falling towards 2.17, as all trend indicators are reflecting clear negative signs. Therefore, trading scenarios in both the medium and short term remain on hold in the near future while waiting for the share to show strong signs of support to contain further losses.