It was trading in a range for so many days finally it broke to the upside if this is a genuine breakout let it come back for a retest and show us some bull power so that we can buy this, we have seen previously it breaks out and again comes back in the range so lets wait for a confirmation and then enter the trade. Hit like & follow guys ;)
It was in a nice uptrend and eventually it formed a bearish patter that is H & S pattern it already broke the necking in thursdays trading session and now it has a more potential to go downside. It can come down to the support area soon & interestingly it have broken the dynamic moving average of 200ema. This looks too bearish to me. Stay away for now !! Hit like...
Aviation industry is under pressure because of pandemic situation BUT as the flights are resuming now and operation starting this stock will push higher as fundamentally it will become more stronger and it is stronger. Technically it made hammer candle right at the dynamic support area which is 200 ema. Tomorrow if the market is positive this stock can go higher,...
For intraday trade i see good opportunity in Air Arabia,It touched 1.22 in todays trading session and bounced from here which is a neckline area of the breakout. Todays candle can be taken as a retest for the breakout and tomorrow it has a good potential to resume its uptrend. Hit Like & Follow
What a beautiful run by air arabia today!! it broke the resistance level and is up more thn 10% on the day. I didnt take this trade i was waiting for the break out. I shall wait for the retest and buy for the next target. Lets wait patiently for the next opportunity. Happy Trading
confirmation above resistance line in blue
expecting to see a continuation of price to fall near 0.81 which will be 786 on fib level , and from there expecting the price to start show some strength and might be breaking the weekly correction , this weekly correction can be a good chance to hold this share for good profit.