Air Arabia is trending up, however its at a resistance area it it survives here then the next target is around 2.80 over all air arabia is positive.
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Its been performing very well and its in a strong uptrend. It will fill up the gap that it created very soon which is around 1.35-1.40 zone also earnings are up and mostly the results are positive thats why big boys are buying in bulk. Lets join them highly recommended!!
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Its been on a solid bull run without any proper correction i think its now time to book the profits as correction is due. Over all this stock is now very strong fundamentally as covid restrictions are now eased which means more revenues for the company.
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Bag holders today got the chance to offload something at the top. If you have seen the video, detailed analysis on Air Arabia I had mentioned strong resistance is at 1.70-1.75 zone and we should expect a reaction in this zone. Over all in a uptrend I think have have to drop some "altitude" before it fly higher again.
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After the financial results its been flying high in the clouds, next resistance is at 1.69 zone. There are good chances it take some rest right above the resistance area and then move to the upside. Over all very bullish and in a strong up momentum.
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Its been performing very well, after a gap up its been in a range. There are chances it might come down to fill the gap. For now its at a very strong resistance that is around 1.57-1.60. We can already see a rejection candle on a weekly chart right at 1.57 for now its in a no trading zone. Over all in a uptrend.
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It was trading in a range for so many days finally it broke to the upside if this is a genuine breakout let it come back for a retest and show us some bull power so that we can buy this, we have seen previously it breaks out and again comes back in the range so lets wait for a confirmation and then enter the trade.
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It was in a nice uptrend and eventually it formed a bearish patter that is H & S pattern it already broke the necking in thursdays trading session and now it has a more potential to go downside. It can come down to the support area soon & interestingly it have broken the dynamic moving average of 200ema. This looks too bearish to me. Stay away for now !!
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Aviation industry is under pressure because of pandemic situation BUT as the flights are resuming now and operation starting this stock will push higher as fundamentally it will become more stronger and it is stronger. Technically it made hammer candle right at the dynamic support area which is 200 ema. Tomorrow if the market is positive this stock can go higher,...
For intraday trade i see good opportunity in Air Arabia,It touched 1.22 in todays trading session and bounced from here which is a neckline area of the breakout. Todays candle can be taken as a retest for the breakout and tomorrow it has a good potential to resume its uptrend.
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What a beautiful run by air arabia today!! it broke the resistance level and is up more thn 10% on the day. I didnt take this trade i was waiting for the break out. I shall wait for the retest and buy for the next target. Lets wait patiently for the next opportunity. Happy Trading
