Adnoc distribution is holding up well right at the support zone and I think its ready for a new leg to the upside. It has established its base at 3.70 and now its gearing up for the move. Overall this stock is still in a downtrend BUT its trying hard for the reversal. If at all we can see a closing above 3.90 then we can say that now price is in bulls territory....
Surprisingly whole market was red today and adnocdrill was punished harder. Its at a very critical stage for now i think it should open with a small gap up opening tomorrow if it all it have to survive at current levels else south is the way!!
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Its very bullish we mite see some weakness at current levels but over all this is very bullish and very soon it will hit 5.00 ride this move. Any dip from now is a buying opportunity!
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Its been at the support level for so many days now, with last candle giving us signals to buy i think coming week should see more upside momentum. Overall still bullish!!
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