The stock has completed a long-term Cup & Handle pattern on the weekly timeframe.
Breakout level: 0.84 AED
Target: 1.15 AED (based on measured move projection)
Support zone: 0.78 โ 0.80 AED (handle low / breakout retest zone)
๐ As long as price sustains above the breakout level, momentum could push it toward the projected target.
๐ A close below 0.78 AED would invalidate this bullish setup.
Bias: Bullish
TP: 1.15 AED
SL: 0.78 AED
Breakout level: 0.84 AED
Target: 1.15 AED (based on measured move projection)
Support zone: 0.78 โ 0.80 AED (handle low / breakout retest zone)
๐ As long as price sustains above the breakout level, momentum could push it toward the projected target.
๐ A close below 0.78 AED would invalidate this bullish setup.
Bias: Bullish
TP: 1.15 AED
SL: 0.78 AED
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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.