#EMAAR
stock has a sharp up trend from 21 to 27.60 AED and now A symmetrical triangle is forming highlighted in red. this is the area that supply is more from pervious buyers
due to RSI downtrend, we are waiting to reach level 50 first and again change to above 50.
i belive if the triangle break from down the best purchase area will be at 23.40 to 24.20 ( zone 50% and 61.8% Fibonacci level of last up trend)
stock has a sharp up trend from 21 to 27.60 AED and now A symmetrical triangle is forming highlighted in red. this is the area that supply is more from pervious buyers
due to RSI downtrend, we are waiting to reach level 50 first and again change to above 50.
i belive if the triangle break from down the best purchase area will be at 23.40 to 24.20 ( zone 50% and 61.8% Fibonacci level of last up trend)
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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.