Daily chart, the stock ADX: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.
analysis performed using the following strategies and indicators: Law of diminishing returns Volume price trend Relative Strength Index (RSI) Average True Range (ATR) Linear Regression
make your own decision. widen your risk as it has volatility and get fearful at 19 but leave runners.
ADX:TAQA A clear impulse wave moving inside range as extended wave 3. Now wave 3 never be the shortest one in all three impulse wave ( Wave 1,3,5). As I observed wave 3 is shortest in price range than wave 1 as I highlighted with grey price range to measure length of wave 1 with wave 3. So, the probabilities are that wave 5 would be shorter than wave 3. How much...
TAQA is making simple HH and HLs and on its way to recovery from a long bearish trend. Entry at current price would be a good idea and accumulation at lower prices till 3.25 is also recommended STop Loss should be 3.15
Taqa was trading in the chart pattern for more than 5 months and thankfully finally we are seeing a positive breakout with good volumes. Support is tested already we can see more upside move in coming days. Any dip will be a buying opportunity. Hit like & follow guys;)
TAQA has been in a bearish trend since long time , so until that bearish path is broken I dont think making an entry in the hopes would be a good idea for now We continue to monitor this and will make an assessment once it breaks the bearish trend
Its been going higher non stop for so many days and now its right into the resistance zone, i think it will be better if it take a breather and then resume it journey so that it can sustain the gains. Hopefully coming week we will see some good moves in taqa Hit like & follow guys ;)