ALDAR Technical OverviewPosted on Wednesday, February 15 2017 at 5:35 am GMT+0000
Bullish reversal above 2.65.
Both long and medium term traders should wait for stronger trending characteristics before preparing to materialize new Bullish positions, as the market is continuing to show weak technical signals. While in the short term, the formation of an intraday bottom above the 2.48 level, has signaled towards possible scenarios, with a further break above 2.65 acting as trigger towards extended moves targeting at least the 2.75 level. Failure of the share to remain above the 2.50 support would accelerate the declines to lower levels.