ALDAR Technical Overview

ALDAR Technical Overview

Posted on Monday, April 17 2017 at 4:45 am GMT+0000

Momentum accelerated.

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 Bullish developments before preparing to materialize new Bullish positions. In the short term likewise, the market continues to be strongly Bearish, with the recent break below the 2.22 has accelerated the decline and directed the share towards a new 52 week low.

ALDAR-EN 2017-04-17