Eand Pls check the monthly CHART shows us a Moring Start that is a power full indication of a trend reversal on the way since its a MONTHY chart. The lower time frames are also aligned with this market structure change and PRICE action is shown higher highs and higher lows in progress. Longby Kayuae114
Eand We need a clear close above 16.30 for immediate target to high 16 then back to test the support and fly to 18 .. Longby Kayuae111
Etisalat The summit of 39 was the end of the fifth major wave, that is, the end of the cycle of the rise of a first great wave... Its decline since then is a second major wave, most likely targeting 17.16by abba71149
EtisalatMost likely, the fourth main wave ended at the last low of 17.70 Currently, a falling wedge pattern is drawn. If it passes its upper side around 19.80, it will jump to the pattern’s target, at 24-24.50 area, and it will be the first sub-wave in the fifth main wave.by abba71143
More RecoverTrend Etisalat is in a strong downtrend for now, for the last 2 days we are seeing some bounce/short recovery. We cannot trust this move as this can be a correction phase of this massive drop to the downside. We wait for a proper bullish price action to take any position. Fib Level Watch out 50% Fib level area if we see rejection candles around that area it will be a added confirmation that bears are charging and bulls will have to leave the ground. For now its too risky to take any trade in this unless its quick entry and exit strategy. Hit like & follow guys ;) Shortby stalkstock12
Etisalat - Main fourth waveThe fourth wave is a sharp and deep zigzag corrective pattern.. The stock moves in its last wave C and exactly we can say in the third of C. after finishing this wave we will go up in a temporrary up wave 4 then go down in a final drop wave 5 , which is the end of C of the zigzag corrective pattern and the end of the fourth major.by abba71144
EtisalatEtisalat since listing Monthly chart Its current decline is a major fourth wave that overlapped with the first, which turned its overall rising cycle into a complex diagonal wave, the target of which is the fifth, which will have multiple possibilities. Important question: What is the analysis of the fourth wave and where it will be end? 👇by abba71142
EAND, timing an investment for 100% ROI in 2 years (not a trade)ADX:EAND In this post, I am featuring a multi-year investment opportunity. An opportunity to make 100% return over 2 years. This idea is for my investment account. It is for growing money steadily over time for retirement. If you are looking for a trade, then this is probably too slow for you. Etisalat is a company whose sales are 10% of the UAE’s GDP. Normally companies of that size would be very cyclical, but Etisalat’s business (not stock) is only semi cyclical. Cyclical businesses suffer when the economy takes a hit, it affects their bottom line. While the economy does affect Etisalat for sure, its impact on the business is diluted by the fact that Etisalat’s net profit margins are constant at around 19% no matter what. How could that be? You see Etisalat and Du are government approved duopolies. They have price control. This is why, they are not purely cyclical businesses. This means you can only hit their stock so hard before they ignore you and the economy. My chart above is a monthly chart. It shows the entire life of Etisalat as an exchange traded stock. It has suffered thru many price retracements throughout its life. If we look closely, we will see some interesting trends. In the early 2000s EAND took a 62% hit which corresponded with a peak-to-trough retracement to the 81% line. From there, and within 2 years, the stock moved up 96%. The stock dropped again and formed a bottom in December 2008 after declining 63% (again) from its previous high. Then from there, and within two years, the stock moved up 70%. In March 2020, EAND dropped to its 81% peak-to-trough retracement line again! but this time, the drop was only 45% in price from its peak. Then from there, and again within 2 years, Etisalat moved up a whopping 254%. And now Etisalat is doing it again. They are dropping precipitously in price from their all time high. But they are not quite there yet. My price to buy EAND at 16.34 AED, is at the 81% peak-to-trough retracement level, which also corresponds to a 58% decline for EAND from its all-time high (see circled double arrows). But if you recall, I showed above that Etisalat respects either the 81% peak-to-trough retracement level or the 62% drop from peak (which sometimes is the same level)? That is why I will average down at 14.84 AED if I get the chance (see green arrow on chart). It probably won’t happen, but this will make the investment more durable. This is called a two-tier entry. Finally note, that around my highlighted entry price, you will find the most epic moving average in all Technical Analysis. The 200 Monthly MA. This is going to be an incredible level of support! Most companies don’t have enough data to give you the opportunity to buy them at the 200 monthly MA. But Etisalat does. Not to mention that it is falling from a massive divergence (distance) to the 200 MA. Remember Etisalat will likely need a few more months to get to my price. Currently at 20 dhs, EAND is 20% away from my buy in level. But if you buy this stock at the right time, you have the chance to make a large return in a few years or you can even own a great company with a secured business into your retirement for an even larger return than holding for two years. Note, at the above entry price, dividend yield would be 10% per year. Not bad if you ask me. This is what I am doing with my money. You do you. Good luck. Longby ConvictionTradesUpdated 227
EAND, ADX, to test support line at 20.8 and rebound to 23.3EAND , AbuDhabi, On the daily chart, the stock is moving down towards the bottom channel support line, at 20.9 - 20.8 The buying power should appear at this level, to rebound to 23.3, build support, then target 25.4 Above 25.4 with large volume will push the stock to target 29.6 Note: STOP loss at the bottom support red line with 2-3% buffer or high volume. Shortby snour6