ALDAR Technical Overview

ALDAR Technical Overview

Posted on Sunday, November 12 2017 at 6:06 am GMT+0000

Increased pressure.

Given the above trending characteristics, long term traders should remain outside of the market and aim to reposition near a strong demand zone and only after clear Bullish reversal signs. Short term Bearish patterns activated below 2.37 accompanied with strong Bearish momentum have sent the share below the 2.25 previous daily bottom. From that point, the medium-term outlook started to look bearish with scope to fall towards the 2.10 April low.

ALDAR-EN 2017-11-12