Taqa ADX should rebound from this levelDaily 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.
TAQA
Taqa Probability No.1 (Bullish View)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 it should be shorter than wave 3 I highlighted it with red price range which is length of wave 3. Possible target is 7.57/- and then stock will reverse.