Get started
Chartoholic

ADNOCDIST is getting ready to breakout

Long
Abu Dhabi National Oil Company For Distribution (ADX:ADNOCDIST)  
Chartoholic Updated   
ADX:ADNOCDIST   Abu Dhabi National Oil Company For Distribution
Trend Analysis Chart Patterns Technical Indicators
5
0
trendanalysis chartpattern indicator
ADNOCDIST is approaching a breakout level at 3.74 AED which is neckline of the a double bottom and above the 200 MA. Either long the break out with stop daily close below the 50 MA or enter at 3.65~3.66 AED if the stock rejects from 200 MA with a tight stop daily close below 50 MA.
Not financial advice, my view only
Comment:
Rejection from 200MA as expected, we can probably get in at 3.62 AED
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.