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snour

ADIB Abu Dhabi to target 46 after crossing 39 (blue line)

Long
ABU DHABI ISLAMIC BANK- EGYPT (EGX_DLY:ADIB)  
snour  
EGX_DLY:ADIB   ABU DHABI ISLAMIC BANK- EGYPT
Chart Patterns Technical Indicators ADIB uptrend ADX
5
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chartpattern indicator adib uptrend adx
ADIB
ADIB (ADX), on the 1-hour chart, is seen as trying to cross the resistance line (blue) at 39, then the target will be 46.
EITHER Buy here, and stop loss is 37.6
OR Buy after crossing the blue line at 39, and Stop Loss at 38.8

Another scenario is going to test the support (red line) at 35.5, then it is a buy opportunity to go up to 39.5 (blue).
Stop Loss is 35.4

Either ways, it is a nice trading opportunity.
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