Abu Dhabi National Oil Company For DistributionADX
Description
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ADX: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
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Rejection from 200MA as expected, we can probably get in at 3.62 AED