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Talabat Holding PlcTalabat Holding PlcTalabat Holding Plc

Talabat Holding Plc

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Technical Analysis of Talabat Holding PL (TALABAT) StockPrice Levels Current Price: 1.41 AED High: 1.61 AED - Low: 1.40 AED Ask Price: 1.42 AED - Bid Price: 1.41 AED Trend Analysis The stock has been in a downward trend since early March, with consistent lower highs and lower lows. A sharp drop occurred recently, pushing the price below key moving averages. Price is trading below the Ichimoku Cloud, indicating a strong bearish momentum. Technical Indicators ✅ Relative Strength Index (RSI) RSI is below 30, signaling that the stock is oversold. A potential short-term rebound could happen if buyers step in. ✅ Moving Averages The stock is below all major moving averages, which confirms the bearish trend. Unless it crosses above resistance levels (1.46-1.50 AED), the trend is likely to continue downward. ✅ Volume Analysis There is a slight increase in selling volume, reinforcing the bearish pressure. A shift in volume could indicate a trend reversal, so monitoring volume spikes is crucial. Support and Resistance Support Level: 1.40 AED (A break below could accelerate selling) Resistance Levels: 1.46 AED (Short-term resistance) 1.50 AED (Stronger resistance level) 1.55-1.60 AED (Major resistance, needs strong buying pressure to break) Recommended Approach For short-term traders: Wait for a confirmation of a bounce before entering. If 1.40 AED holds, a small rebound to 1.46-1.50 AED is possible. For long-term investors: Avoid buying until there’s a clear breakout above 1.50 AED with strong volume. Stop Loss: If you are already holding, consider setting a stop-loss below 1.38 AED to manage risks. ⚠️ Risk Warning: If the price fails to hold 1.40 AED, further downside movement towards 1.35-1.30 AED may occur.
DFM:TALABAT
by bbitar
TALABAT - (DFM) Potential Reversal from Demand Zone📉 TALABAT Potential Reversal from Demand Zone 🚀 The stock has been in a downtrend since its IPO, establishing an uptrend around January 5th, followed by a corrective wave starting January 21st after the previous impulsive move. Currently, the price is testing a key demand zone (1.42 - 1.39), which was formed earlier in January. Signs of a potential trend reversal are emerging, including a break of the downward trendline. A strong supply zone at (1.59 - 1.62) could serve as a profit target for an upward move. This could mark the completion of Wave 2 correction within a larger uptrend. A breakout above 1.46 may signal the start of Wave 3, leading to a powerful bullish move. Setup: Entry: 1.42 - 1.45 (demand zone confirmation) Stop Loss: Below 1.39 (invalidates the demand zone) Take Profit: 1.59 - 1.62 (supply zone) Risk-Reward Ratio: ~1:3 (ideal for a high-probability setup) "The market is a device for transferring money from the impatient to the patient." – Warren Buffett 🚨 Disclaimer: This is not financial advice. Always do your own research and manage your risk accordingly. 🚨
DFM:TALABATLong
by DubaiTradersHub
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