ADX:ADNOCDRILL price action is positive especially given the overall performance of the Abu Dhabi market. Long to target AED 4.05, strict stop daily close below 50 MA. The stock needs to clear the red zone to target AED 4.3. Not financial advice, only my views
For now adnoc drilling is not looking good to buy. For it to turn bullish it has to cross 2 resistance areas to be in bulls territory. For now we can ignore this.
ADNOCDRILL is testing a very strong support level at the moment I have highlighted all the re-testing phases of this support level i.e 3.78-3.84 It can be the launch pad of the next bull move
ADNOCDRILL currently retesting a very strong support of 3.78-3.83 levels It has been doing that from multiple days now and we need to wait and see if it use this support level to make a new move going up or falls further to next support levels . Going further down will break the initial bull run
This is a parabolic movement in progress Series of HH and HL are being formed. With tight SL the move can be ridden. 3.68 was the last strong support . The new resistance can be 3.91 to 3.90 range
Very good move after the breakout its still continuing it move to the upside. Very bullish!! Hit like & follow guys;)
I was expecting atleast 50% recovery of the red candle that it made in Mondays session, for now i am not confident with this move. Hit like & follow ;)
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!! Hit like & follow guys ;)
Watch out the video, trade plan for adnoc drilling. Will keep you posted!!
It have spent so many days and now its gearing up for a big move. Ride the trend!! Hit like & follow guys ;)
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!! Hit like & follow for more updates ;)
Its still bullish the trend is intact, right at the support we are seeing bullish candle indicating buyers are not activated. More upside is coming join the ride!! Hit like & follow !!