ALDAR Technical OverviewPosted on Monday, February 12 2018 at 10:10 pm GMT+0000
Signs of support.
The share entered a neutral phase in the medium term, after the strong Nov-Dec downtrend, Bearish momentum paused, and the first signs of support above the previous daily bottom had been revealed on the daily charts. However medium term Bullish scenarios remain on hold in the near future and traders should still wait for a surge above 2.34 before attempting any new positions. Only that move can shift bias in the medium term to Bullish and open the way for further potential gains in the direction of 2.44. However, any drop below 2.19 can help the price to create a resumption of the broad downtrend.