ALDAR Technical Overview
Posted on Wednesday, April 12 2017 at 4:33 am GMT+0000Consolidating losses.
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. The recent decline below the 2.25 daily support restored the short term Bearish bias. Therefore, even though a slight pullback is on the making trend indicators are still displaying strong negative signs and the share might be directed to a retest of the 2.21 mark, unless an immediate break above the 2.30 hurdle would disregard the downtrend and bring the share to more positive near-term bias.
| ALDAR-EN 2017-04-12 |
