stalkstock

Salama Whats wrong

Long
DFM:SALAMA   ISLAMIC ARAB INSUR
This stock is under pressure ever since it gave a big breakout at 0.530, it could not sustain the breakout and closing lower everyday. Interestingly it have reacted to a key support level at 0.500 which is also a psycological support area. It bounced from here and stayed here for 2 days in yesterdays closing it made green candle bouncing off the support area. The trend of this stock is UP for short term i am expecting it will make a high very soon breaking 0.530 very soon. I am bullish on this one i am in this trade also i may add more to it.

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