we have been keen observers of Moroccan real estate stocks since June 2023. after a spectacular two-year run, they have (ADH, ADI, & RDS) started showing signs of exhaustion.
ADI has formed a classic Head & Shoulder pattern signifying a potential reversal of the bullish trend. we will be looking to short once the recent retracement is complete.
bonus: ADH is also retracing after forming a double top.
ADI has formed a classic Head & Shoulder pattern signifying a potential reversal of the bullish trend. we will be looking to short once the recent retracement is complete.
bonus: ADH is also retracing after forming a double top.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.