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Abu Dhabi Islamic Bank-EgyptAbu Dhabi Islamic Bank-EgyptAbu Dhabi Islamic Bank-Egypt

Abu Dhabi Islamic Bank-Egypt

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ADIB trade ideas

Buy Recommendation – ADIB Egypt (EGX: ADIB) EGX:ADIB Entry Price: 20.75 – 21.00 EGP (current consolidation zone) Stop-Loss: 19.80 EGP (below harmonic PRZ & wave C low) Target 1: 22.50 EGP (first resistance / wave retracement) Target 2: 23.80 – 24.00 EGP (major resistance & harmonic completion) Rationale: Price has completed a 5-wave impulsive rally and an A–B–C corrective decline into the 20.00 EGP support zone. A Bullish Bat Harmonic pattern aligns with this support, indicating a Potential Reversal Zone (PRZ). Risk/reward ratio is favorable with limited downside risk compared to upside potential.
EGX:ADIB
by thunderbolt_17
Back to the Bottom of the ChannelHello Traders, the market this days is going alot and its uncertain as well the contortion for the rising is slowing and its time for the correction some of the stocks use this correction for growing especially the under valued ones like this stock its almost 50% discount and its at the bottom for the rising channel great opportunity to buy now if you like the risk i will jump in small portion and see my targets is the top part of the channel. my entry will be 25% now at 20.7 and another 25% at .20 and 50% at 18.1 my stop loss is at 15.8 and my take profit 50% at 24.5 and we update from here good luck
EGX:ADIBLong
by TONYMONTANA87
Ascending Triangle Pattern bullish continuation pattern **Trend Analysis** 1. **Ascending Triangle Pattern:** - The chart shows an **ascending triangle** pattern, characterized by a horizontal resistance line and an upward-sloping trendline. - This is typically a **bullish continuation pattern**, meaning a breakout above resistance could lead to further upward movement. 2. **Support & Resistance Levels:** - **Resistance:** Around **56.13 EGP** (historical peak). - **Support:** The **ascending trendline** acts as dynamic support. - **Major Supports:** **42.57, 41.07, 40.81 EGP** (previous lows and moving averages). 3. **Moving Averages:** - The price is trading **above key moving averages (blue and red lines)**, suggesting the trend is still bullish. - These MAs are also acting as dynamic support. ### **Indicators & Momentum** 1. **Volume & Breakout Potential:** - The volume bars indicate **higher interest** near the breakout level. - A **strong breakout with high volume** would confirm the pattern. 2. **RSI (Relative Strength Index):** - Currently around **55-61**, indicating the stock is in a neutral to slightly bullish zone. - No overbought or oversold conditions. 3. **MACD (Moving Average Convergence Divergence):** - The MACD line is crossing above the signal line, which is a **bullish signal**. - A strong crossover with an increase in momentum could confirm an uptrend. ### **Potential Future Movements** 1. **Bullish Scenario:** - If the price **breaks above 56.13 EGP with strong volume**, the next target could be around **66.66 EGP**. - This aligns with the measured move of the ascending triangle breakout. 2. **Bearish Scenario:** - If the price fails to break resistance and falls below the trendline (**around 42-43 EGP**), it may **decline towards 39.88-36.24 EGP**. ### **Conclusion & Trade Idea** - **Bullish bias** as long as price remains above the trendline. - Watch for a breakout above **56.13 EGP** for confirmation. - If price **fails and drops below 36 EGP**, expect a downside move.
EGX:ADIBLong
by TONYMONTANA87
BEWARE ON STRONG RESISTANCE PULLBACK - ADIB - 30 MN - IDEAThank you for your likes and shares! Much appreciated! __________________________________________________ Abu Dhabi Islamic Bank sees a range forming after a long fall. Very little chance of rapid recovery. ADIB have strong probability to come and test the red strong resistance line. Beware on pullback down on that line. If the market breaks the resistance, there is a strong probability of profitable long direction profitable trade. Wait for the market to break its actual range before any entry and follow the trend after nice candlestick showing break of ADIB actual very narrow range.
EGX:ADIB
by Diallo_Charts_Ideas