ALDAR Technical Overview
Posted on Tuesday, March 14 2017 at 5:28 am GMT+0000Strong Bearish momentum.
Long term trending characteristics having lost strength after the last decline, together with the strong downtrend revealed in the medium term, are obliging traders of both scales to wait for clear positive technical signals before preparing to materialize new Bullish positions. Furthermore, the recent short term decline below the 2.32 level raised confidence in the bears’ ability to continue pushing the prices lower; therefore, preventing any new market entries, as the share might be targeting a deeper support to contain to downwards pressure.
ALDAR-EN 2017-03-14 |