Daily chart, the stock (TAQA) crossed a rising small channel (GREEN area), and is still trading inside a bigger channel, and is most likely to cross the resistance (at around 3.70) After crossing resistance (BLUE) line, the target will be 4.40 Technical indicators RSI and MACD are positive.
ADX:TAQA A clear impulse wave moving inside range as extended wave 3. Now wave 3 never be the shortest one in all three impulse wave ( Wave 1,3,5). As I observed wave 3 is shortest in price range than wave 1 as I highlighted with grey price range to measure length of wave 1 with wave 3. So, the probabilities are that wave 5 would be shorter than wave 3. How much...
TAQA is making simple HH and HLs and on its way to recovery from a long bearish trend. Entry at current price would be a good idea and accumulation at lower prices till 3.25 is also recommended STop Loss should be 3.15
Trend Its been just going side was for ages now, once it breaks 3.46 and closes above with good volumes thats when we can have a trend confirmation. With last weeks closing its looking weak. Breakout Once we see a confirmed breakout that's when we can plan out buys for now its in a no trading zone it can retest support 1 and support 2 area. Also the have...
The hidden positive divergence that appeared between the fourth wave and the second was in very favorable circumstances, which is that the fourth did not overlap with the first, and thus its main motive wave did not turn from impulse into a diagonal wave.
Taqa was trading in the chart pattern for more than 5 months and thankfully finally we are seeing a positive breakout with good volumes. Support is tested already we can see more upside move in coming days. Any dip will be a buying opportunity. Hit like & follow guys;)
TAQA has been in a bearish trend since long time , so until that bearish path is broken I dont think making an entry in the hopes would be a good idea for now We continue to monitor this and will make an assessment once it breaks the bearish trend
Its been going higher non stop for so many days and now its right into the resistance zone, i think it will be better if it take a breather and then resume it journey so that it can sustain the gains. Hopefully coming week we will see some good moves in taqa Hit like & follow guys ;)
Welcome . There is a great investment opportunity in TAQA shares. With the downward channel breached. A positive candle is outside the channel. Confirm the entry of buyers strongly to the rise of the market
Hello ladies and gentlemen, according to my graphical analysis of The (TAQA) ABU DHABI NATIONAL ENERGY COMPANY , there is a high probability of an increase towards over 4.00 AED in the next few weeks.