ALDAR Due to the price's attempt to return to higher targets, the stock is showing signs of diminishing buyers. But it seems that the main buyers in the lower areas are waiting for a strong purchase in the 1.80 until $2.25 area.
ALDAR
Sign Of ReliefWith todays candle close we are seeing some sign of relief, but still over all the trend is to the downside, this can be a short recovery. There are good chances it can hit the resistance to make a lower low. Over all this stock is very strong and also fundamentally the company is very powerful. Due to the geopolitical scenarios our stocks are taking a beating for now.
But i am very positive very soon we will come out of this mess and our markets will triumph !!
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Potential Chart FormationAldar is at a good support level, I am expecting a bounce from current level. Its forming inverted head and shoulder pattern potentially which is bullish. Its very important that aldar holds at current level else it will be a pattern failure and turn bearish.
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Range Based Its been in this range for so many days although it was looking very promise earlier i was expecting a breakout to the upside but for the last 3 to 4 days we are just seeing selling pressure. This is a good place for the buyers to protect this support area. Hopefully we should see buying momentum from here else we going south.
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Still workingIts working very much as per the trade plan so hold your trades, time to make money!!!
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Trade Plan Is Working (update) Watch my previous video on Aldar first to have a better understanding.
wait and watchIts at a very good support area, if we can see a confirmed bullish candle close right into the support this will be a good buying opportunity.
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