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Bullish continuing trend Based on the latest data from TradingView, Gulf Pharmaceutical Industries (JULPHAR) is currently trading at 1.33 AED. The stock has shown significant movement, with a 72.06% increase in the last month and a 72.50% increase year-to-date. Recently, JULPHAR experienced a strong bullish trend, breaking above its 200-day Exponential Moving Average (EMA) and surpassing the resistance level of 1.17 AED with robust bullish candles. This pattern indicates a continuing bullish trend. Considering these factors and employing technical analysis augmented with machine learning techniques, my prediction for JULPHAR's future price is a continued upward trend in the short term. Specifically, I forecast that JULPHAR will reach approximately 1.45 AED in the near future.
ADX:JULPHARLong
by bryan_aaron
JULPHAR | Bullish trend with anticipation of retracementObservation Summary: Strong bullish Bias. On Jan 15, 2024, this stock got flagged as a volume leader. The price also broke above 200 EMA. Within 2 days, price broke the resistance of 1.17, with strong bullish candles. As per Hieken candles the trend is bullish continuation. Price is heading towards next resistance at 1.41 and 1.49. Price is also respecting the bullish trendline. Anticipation: ~ Price has made a sudden increase but it is due for correction or retracement. It is aticipated that price might reach 1.49 but then retrace to the region of 1.29 till 1.31. ~ There is bearish divergence seen on 1H, 4H and 1D timeframes. ~ Also bearish divergence is noticed on volumes along with ABCD bearish reversal pattern on 1H. ~ All these signals hint towards price retracement and correction as people will book their profits. ~ But be concious for bullish trendline breakout as a confirmation for divergence. ~ If you have purchased at the time, EMA200 was broken then stay in the trade. ~ If you want to enter, then wait till price tracement goes to 1.29 till 1.31 level. Trade Plan: ~ PLAN A: Long (@ Market) ~ EN: 1.11, QTY 200 ~ SL: 1.05, TP: 1.49, RR: 6.3 ~ PLAN B: BUY LIMIT Entry 1.29, QTY 200 ~ SL: 1.17, TP2: 1.76, RR: 3.92
ADX:JULPHAR
by haroonraees
ARAM Bullish trend he 4-hour technical analysis for Aram Group on the Abu Dhabi Securities Exchange (ADX) from TradingView provides the following insights: Oscillators: The summary of oscillators is largely neutral, with a mix of neutral, buy, and strong buy signals. Key oscillators like the Relative Strength Index (RSI) and Stochastic %K show neutral readings, suggesting no strong momentum in either direction. Moving Averages: The moving averages are predominantly indicating a 'Buy' signal. This includes various types of moving averages like the Exponential Moving Average (EMA), Simple Moving Average (SMA), and others over different periods (10, 20, 50, 100, 200). This trend suggests a general bullish sentiment in the 4-hour timeframe. Pivot Points: The pivot point analysis offers various support (S1, S2, S3) and resistance (R1, R2, R3) levels based on classic, Fibonacci, Camarilla, Woodie, and DM methods. These can be helpful for identifying potential price targets or reversal points. Overall Summary: The overall summary of these technical indicators on a 4-hour basis leans towards a 'Buy' recommendation, indicating a bullish trend in the short-term. However, the presence of neutral signals in oscillators suggests some level of uncertainty or potential for volatility. This analysis indicates that in the short term, Aram Group’s stock might experience bullish behavior
ADX:ARAMLong
by bryan_aaron
ADNOC GAS (ADX), to target 3.82 after crossing resistanceDaily chart, the stock ADNOC GAS is trading between support and resistance lines since mid June 2023. A Triangle chart pattern is being formed - After the price clearly crosses the resistance line (BLUE), around 3.15 - 3.16, then the target will be 3.82, passing through some resistance levels as shown on the chart. ENTRY #1 : BUY at touching the support line (RED) around 3.02 - 3.03 and rebounding. Stop Loss below 3.00 ENTRY #2 : BUY after clear crossing of resistance line (closing 2 days above / or one day and high volume) Stop loss after breaking down resistance line.
ADX:ADNOCGASLong
by snour
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