ALDAR Technical OverviewPosted on Tuesday, February 20 2018 at 5:32 am GMT+0000
Posted aggressive losses.
With the primary trending characteristic continuing to be Bearish, long and medium term traders should remain outside of the market. After a medium term consolidative phase found resistance below 2.34, prices returned lower breaking through the 2.19 previous daily support. The aggressive bearish rally caused a break through the 2.16 level representing the December 2017 Low, and a new 52- weeks low had been posted. Momentum indicators in the daily timeframe are also pointing to a downwards continuation.