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Taqa ADX should rebound from this level
Abu Dhabi National Energy Company
Taqa ADX should rebound from this level
By snour
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Updated
Dec 27, 2024
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Aug 26, 2024
Daily chart, the stock
TAQA
is still pushing downwards but the rate has slowed down.
RSI is getting in the over-sold zone.
So, I expect the rebound will start soon - may be in 2 weeks.
Note the stop loss line. It is important to decide your own stop loss or profit protection level.
Dec 27, 2024
Trade active
The stock performed as expected. There should be some consolidation around 3.0 before resuming the bullish trend.
ADX
TAQA
Trend Analysis
snour
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