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BILDCO 1H - RSI Divergence, ABC Correction Ending? Time to Buy?📈 BILDCO 1H - ABC Correction Ending? Time to Buy? 🚀 Market Overview Abu Dhabi National Co. for Building Materials (BILDCO) has experienced a strong rally since Mid 2024, reaching a high of 1.34, before correcting sharply. - The stock has now completed an ABC corrective pattern, with Wave C touching a major demand zone around 0.9546 - 0.9906. - RSI bullish divergence detected, signaling potential exhaustion of selling pressure. This could be the right time to accumulate positions as a new impulsive wave may be starting. - A breakout above 1.12 could confirm a new bullish impulsive wave. 📉 RSI Divergence & Momentum Shift -Bullish RSI Divergence formed at demand zone, indicating potential trend reversal. - The RSI has crossed above 30 and is testing the 40 level, signaling that momentum may be shifting bullish. - If RSI moves above 50, expect strong buying pressure. 📌 Trade Setup: ✅ Entry:1.12 (BOS) 🔻 Stop Loss: Below 0.95(invalidation of demand zone) ⚖️ **Risk-Reward Ratio: 1:4+ (solid trade setup) ⚡ Key Levels to Watch: ✅ Bullish Confirmation: - Break above 1.12 = Trend reversal confirmed 🚨 Bearish Risks: - Rejection at 1.10 could cause a pullback. - A drop below 0.95invalidates the bullish setup. "Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble." – Warren Buffett 🚨 Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly. 🚨
ADX:BILDCOLong
by MESHANL
1
AMR (ADX) Potential Trend Reversal After a Long Downtrend📉 AMR 4H - Potential Trend Reversal After Downtrend 🚀 AMR has been in a strong downtrend (-47% decline) since October 17, mainly due to the Palestinian-Israeli war and subsequent boycott effects. - With a ceasefire in place, market sentiment may shift, creating a potential recovery. - A Break of Structure (BOS) has been confirmed, signaling a possible trend reversal. - Current wave analysis suggests the stock has completed Wave 1, and short wave 2 correction, and we are likely at early Wave3. - Bullish RSI Divergence detected, indicating seller exhaustion and a potential reversal. - If the price stays above the 2.17 - 2.33 demand zone, it could trigger a rally toward higher levels. 📌 Trade Setup: ✅ Entry: around 2.47 🔻 Stop Loss: Below 2.30 (invalidates the up trend) 🎯 Take Profit Levels: - TP1:2.67 (first supply zone) - TP2:2.91 (major breakout resistance) - TP3:3.16+ (wave 3 target) ⚖️ Risk-Reward Ratio:1:3+ (solid trade setup) "The stock market is a device for transferring money from the impatient to the patient." – Warren Buffett_ 🚨 **Disclaimer:** This is not financial advice. Always do your own research and manage risk accordingly. 🚨
ADX:AMRLong
by MESHANL
4
BHM Capital 1H-DFM - Potential Wave 3 in ProgressUsing a combination of Supply and Demand Zones and Elliott Wave Theory, the stock appears to be in the early stages of a potential Wave 3. Wave 3 is typically the strongest impulsive wave, offering high momentum and significant profit margin. Key Levels: 1. Supply Zones (Resistance): o Zone 1: 2.88–3.01 (Conservative TP1 area) o Zone 2: 3.43–3.55 (TP3, next potential major reversal) o Zone 3: 4.22–4.56 (Stretch target for extended Wave 3) 2. Demand Zones (Support): o Zone 1: 2.10–2.16 (Current bullish accumulation zone) o Zone 2: 1.87–1.97 (Stop loss buffer area) 3. Break of Structure (BOS): o A key BOS has formed at 2.18, confirming a potential trend reversal to the upside. Trade Setup: • Entry: 2.21 (Aligns with the breakout and consolidation phase above the demand zone) • Stop Loss: 1.87 (Just below the demand zone for safe risk management) • Take Profit Levels: o TP1: 2.70 (RRR ~1:1) o TP2: 3.21 (RRR ~2:1) o TP3: 3.55 (RRR ~4:1) o Stretch Target: 4.56 (For aggressive traders aiming for an extended Wave 3) Trading Idea (Summary): The setup aligns with the early stages of an impulsive bullish move (Wave 3). Entry near the 2.21 breakout offers a favorable risk-reward ratio. Manage positions closely at each TP level, especially near supply zones. "The trend is your friend until it bends at the end." Stick to the plan and adjust stops to lock in profits as price moves toward TPs. Monitor volume"Strong volume through supply zones indicates wave continuation" ________________________________________ Disclaimer: This analysis is for educational purposes only and not financial advice. Always perform your due diligence and manage risks according to your trading plan.
DFM:BHMCAPITALLong
by MESHANL
DFM:UPP Forming Symmetrical Triangle Pattern (Long)Trade Idea: DFM:UPP Symmetrical Triangle Pattern (Long) Overview: UPP is forming a symmetrical triangle, a consolidation pattern characterized by lower highs (LH) and higher lows (HL), converging toward an apex. These patterns are often continuation signals, with the breakout direction typically aligning with the prior trend. • Prior Trend: UPP has shown strong bullish momentum, increasing the likelihood of a bullish breakout. • Current Position: The price is nearing the apex of the triangle, signaling a potential breakout soon. ________________________________________ Key Levels: • Upper Trendline: Formed by connecting lower highs, acting as resistance. • Lower Trendline: Formed by connecting higher lows, acting as support. ________________________________________ Breakout Potential: • A bullish breakout is likely in line with the prior trend. • Confirmation Criteria: 1. Candle close above 0.412 (triangle resistance). 2. Volume spike to validate the breakout. ________________________________________ Price Targets: • By Measuring the height of the triangle (widest part) and project it from the breakout point. o Primary TP: 0.444 (previous high). o Secondary TP: 0.463 (~12% potential gain). ________________________________________ Trade Setup: 1. Entry Point: o Enter long after a confirmed breakout above 0.412. o Wait for a 15M or 30M candle close above the resistance with volume confirmation. 2. Stop Loss: o Place the stop loss below the last higher low, around 0.400, to protect against false breakouts. 3. Take Profit: o TP1: 0.444. o TP2: 0.463. 4. Risk-Reward Ratios: o TP1: ~2.6:1. o TP2: ~4.25:1. Notes: • Volume Confirmation: A breakout on low volume could signal a potential fake-out. Wait for a volume surge to validate the move. • Timing Considerations: Breakouts near the apex tend to have less momentum; aim for earlier breakouts closer to 70-80% of the triangle’s formation. • Market Sentiment: Trade with discipline and avoid premature entries. "The market is never wrong; opinions often are." – Jesse Livermore Trade Safe!! ________________________________________ Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and trade responsibly.
DFM:UPPLong
by MESHANL
2
Bounce back. Burjeel Holdings Chart Analysis (ADX): The stock is in a downward channel, reflecting a long-term bearish trend. It is currently near the lower boundary of the channel (support around AED 1.98), a potential reversal point. A breakout above AED 2.40 (upper channel line) would confirm a bullish trend reversal. Watch for increased volume and bullish candlestick patterns for confirmation of a rebound. Upcoming earnings report in 44 days could act as a catalyst. Strategy: Short-term traders can consider entry near support with a stop-loss below it, while long-term investors should wait for a breakout.
ADX:BURJEELLong
by ebadshafi89
Buy opportunityAction: Buy Instrument: SALIK Entry Price: 4.96 AED Support Zone: 4.88 to 4.75 AED (Strong demand zone) Resistance Zone: 5.60 to 5.88 AED (Key resistance levels) Target Price: 5.60 AED (Immediate target) Stop-Loss: 4.75 AED (Below the support zone) Risk/Reward Ratio: 1:3 Key Points: Demand Zone: The current price area (around 4.96 AED) lies within a strong demand zone (4.88 to 4.77 AED), indicating potential buying pressure. Resistance: The price faces resistance at 5.60-5.88 AED. If the stock breaks through this range, there is potential for further upside. Morgan Stanley News: Morgan Stanley lowered its rating on Salik to “Equal Weight” but raised its price target to 5.70 AED from 5.50 AED. This adjustment could provide some positive momentum towards the target price of 5.60 AED. Risk/Reward Analysis: Risk: 0.21 AED (4.96 - 4.75 AED) Reward: 0.64 AED (5.60 - 4.96 AED) Risk/Reward Ratio: 1:3 (Risking 0.21 AED to potentially gain 0.64 AED)
DFM:SALIKLong
by GODOCM
ADNOC Gas (ADX) – Riding Wave 5 Analysis: The stock appears to be in Wave 4 completion, and Wave 5 seems to be forming as per Elliott Wave Theory. The recent pullback aligns well with a key demand zone around 3.39, which has been respected, indicating strong buying interest. Wave Analysis: - Wave (1): Impulsive move from a prior consolidation range. - Wave (2): Corrective pullback, respecting prior demand. - Wave (3): Strong impulsive move higher with increased momentum. - Wave (4): A corrective pullback to a demand zone near 3.39, forming a higher low. - Wave (5): Targeting 3.97-4.00 levels, aligning with a Fibonacci 1.618 extension of Wave 3. Supply/Demand Zones: - Demand Zone: 3.39-3.14 (validated as price has reversed strongly). - Supply Zone: 3.97-4.00 (potential resistance as Wave 5 completes). RSI Confirmation: - RSI on lower timeframes (e.g., 4H and 1D) shows no bearish divergence, which supports continued bullish momentum for Wave 5. Trade Setup: - Entry: around 3.52. - Stop Loss: Below the wave 4 low at 3.39 to minimize risk. - Take Profit: Target Wav 5 completion at 3.97-4.00. - Risk-Reward Ratio: Approx. 1:3 “Trade what you see, not what you feel.” Stick to your analysis and avoid chasing the market if the price fails to confirm Wave 5. Always use proper risk management. Allocate no more than 1-2% of your account balance to this trade to ensure sustainability. Patience is a trader's greatest asset! Happy trading! 🚀 Disclaimer: This idea is for educational purposes only and not financial advice. Always do your due diligence and consult a professional before making any trading decisions. Trading involves significant risk, and past performance is not indicative of future results.
ADX:ADNOCGASLong
by MESHANL
SHORT TERM BUY / LONG TERM SHORTPrice has been in a flag pattern that looks like it should break to the upside but another converging triangle within the channel shows a break below the range. Putting the two patterns together shows a tight trading range first to the upside and then a continuation back down in a break and retouch fashion. By measuring the price ranges, a break below the current low at 1.93 will drop price further to the 1.57 mark with extension to 1.26 level. Trade safe, good luck
DFM:DIC
by MENA-MARKETS-PRO
BILDCO – UAE Stock Market (ADX) Bullish Reversal in Play BILDCO – Bullish Reversal in Play 🚀 Ticker: BILDCO (ADX) Timeframe: H1 Setup: Elliott Wave + Demand Zone Strategy Trading Idea: 1. The corrective Elliot Wave (c) ready to wrap up as price dips into a strong Daily Demand Zone between (0.620 - 0.600), right in line with the Fibonacci extensions 1.382 (0.5810) and 1.618 (0.5429). - If this level holds, we’re looking at the start of a fresh Wave (3) in a new impulse cycle – and Wave (3) doesn’t play small. 2. Demand Zone Confluence: - Heavy buy-side interest here; volume profile confirms it. This zone is loaded with potential. 3. Bullish Momentum Ahead? - Price action in this area will tell the story. Watch for confirmation with strong bullish candles (engulfing, hammer, or similar). Game Plan 1. Entry: - Long from 0.620 - 0.600, 2. Stop Loss: - Below the Demand Zone at 0.5712. Keep it tight, protect your capital. 3. Take Profits: - TP1: 0.7066 – First supply zone. - TP2: 0.7540 – Next major resistance. - TP3: 0.8711 – Targeting Wave (5) extension. 4. Risk-Reward: - Insane RRR of 1:8.59! Small risk, big potential move. Why This Setup Rocks - Demand Zone Holds Weight: Fibonacci + price action + volume = solid entry zone. - Wave (3) Firepower: It’s typically the biggest, most explosive wave – perfect for riding the trend. - Volume Backing It: Buyers are already lining up, which is what we want to see at key levels. --- ### Disclaimer Not financial advice – trade at your own risk. Always use proper risk management and evaluate your own strategy before entering a position. --- ### Follow for More Setups "Missed opportunities are a trader's biggest regret. Stay sharp, stick to the plan, and make the most of every move!" Hit Follow for more insights and ideas like this one. Let’s crush the markets together! 🚀💹
ADX:BILDCOLong
by MESHANL
4