Potential Rebound on Abu Dhabi Aviation – Technical Setup Near KTechnical analysis for Abu Dhabi Aviation (ADX:ADAVIATION)
The stock is currently trading near a strong support zone between 5.48 and 5.60 AED, a level that previously triggered a sharp bullish move.
With selling momentum weakening and price stabilizing, there’s a potential for a new bounce if bullish confirmation appears.
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Key Technical Highlights:
• Fibonacci retracement from 5.48 to 6.64 shows price hovering near the 78.6% level – a classic reversal zone.
• RSI is in neutral territory, suggesting balanced momentum.
• MACD is flattening, with a possible bullish crossover building up.
• Volume Profile shows significant accumulation around 5.60 AED.
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Bullish Scenario:
If the stock breaks above 5.98 AED, this may trigger a move toward:
• 6.16 AED
• 6.40 AED
• Potential extension to 6.70 AED
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Bearish Scenario:
A confirmed break below 5.48 AED would invalidate the bullish setup.
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Disclaimer: This is not a buy or sell recommendation. This analysis is for educational and informational purposes only.
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ADAVIATION trade ideas
SELL ADAVIATIONDear Emirati Traders, it's been a while since I last posted about UAE Markets.
On ADAVIATION, you can see that the price is heading down after pullingback twice on the sell zone and went around the resistance level we have at 7.88 before taking his way down to the level 0.5 of the pitchfork, as you can see on the chart, today the stock closed below the 0.5 level, to sell you must wait for a confirmation to get a good selling position.
The comment section is all your for further questions!