Daily chart, the stock ADNOC GAS is trading between support and resistance lines since mid June 2023. A Triangle chart pattern is being formed - After the price clearly crosses the resistance line (BLUE), around 3.15 - 3.16, then the target will be 3.82, passing through some resistance levels as shown on the chart. ENTRY #1 : BUY at touching the support line...
On ADNOCGAS as you see on the chart we will have a hight probability to have an uptrend if only if we have the breakout with force the resistance line by a big green candle follow by a large green volume.Thanks!
ADNOC Gas Processing is a natural gas producing company and the largest gas processing complex in Abu Dhabi. The share of ADNOC GAS went up in an impulse from march 2023 and completed the impulse wave up by august 2023 From Aug. 2023 to Oct 2023 the share corrected 61.8% of the entire rise in the form of an Elliot Wave zig zag(ABC). The Wave 3 for the stocks...
I think ADNOC Gas's decline has ended First, it reached the target of the head and shoulders pattern and began to fluctuate horizontally without breaking the last low of 3.08 Secondly, the target of the aforementioned model coincided with the second most important support area Third, the histogram bars of the MACD indicator began to rise throughout the period of...
The descending channel is broken and after the pullback to the range of 3.43, the price may rise to 3.64. entery : 3.43 target : 3.64 ST : 3.39 TP : 3.63
Trend For now its still looking safe and in a uptrend, but i hope its not forming a head & shoulder pattern. If the pattern is confirmed then be ready for a selling scenario till about 3.30 zone New High On the other side, if it manages to close above 3.60 this will be a good sign that its ready to go higher and bearish pattern will be invalidated. Over all i...
on an uptrend and looks very interesting after a small drop for accumulation and now going to the 4 aed territory by September will the show the potential
Adnoc gas is stuck with the rectangle lets wait for the breakout to confirm the trend, this will be a wait and watch game as let it decide the trend, let the big boys buy this stock and then we will make the entry. Hit like & follow guys ;)
May be there is a chance of this getting a bounce from the trend support line Or it can go back to the strong support of 3.05 to 3.07 Lets wait and see . This correction is not due to any news
ADNOCGAS, AbuDhabi, UAE, On the daily chart, a sign for a profit taking (minor correction), then to go uptrend
AdnocGas was going in an amazing direction making a parabolic move since inception but looks like it has entered into a correction phase The parabolic channel is now broken and support is being established at the moment 3.17 to 3.21 is an important support channel which has been tested multiple times since the demise Its a good time to create a partial...
Since the inception of this lovely stock its continuing a parabolic move and has recently retested its new channel median support line Entry at current price or any where close to the support line i.e 3.35 Until this trend is not broken the move can be ridden . If it goes below 3.20s and forms a new support and retest it then it means this parabolic channel...