EMAAR Technical Overview

EMAAR Technical Overview

Testing 7.50.

With the long term not presenting clear Bullish trending characteristics for now, only a decisive move above the 7.80 would indicate towards long term growth in the share. While in the medium term the share continues to have a neutral outlook at the time being. A clear break above the 7.50 would set the way for a further rally and allow for entry of new longs. Such move would act as a trigger for short term positions, with short term targets outlined at 7.65 and 7.90. Whereas, any drop below the 7.19 would cancel probable Bullish scenarios and accelerate the downside speed pushing the share to lower levels.