Burjeel Abu Dhabi : Watch for a new buy entryWeekly chart, the stock ADX:BURJEEL is on a downtrend since Nov. 2023.
Yet no solid signal of a rebounce.
However, it should start as soon as the price reaches the support level of 2.11.
It can even be earlier at 2.17 as the technical indicator RSI is near "buy" zone.
A close for 2 weeks below 2.11 should be a stop loss signal.
So, the new Buy should be after a clear rebound from the support, then the targets will be 2.4, 2.6 and 2.8 extended to 3.10
