Talabat (UAE stock): Pullback into Resistance

Apr 19

Hi!

Price is still respecting a clear descending trendline, keeping the overall structure bearish. The recent upside move looks like a corrective pullback after the sharp drop, not a reversal.

Currently, price is sitting inside a key supply/gap zone (0.91 – 0.95), aligned with the trendline, and strong confluence for a potential rejection.

📌 Position idea:
Short from 0.91 – 0.95 zone
🛑 SL: above 1.02
🎯 TP: around 0.80

Wait for confirmation (rejection / bearish candle) before entry

Apr 29

Trade active

May 23

Trade closed manually

The trendline has broken, and volume is picking up. Close the current position. If price breaks above $1.03, enter a long position.