AIR ARABIAthe best buy price was 3.63~3.60 AED . a little below 61.8% last uptrend wave.
but not reach that point and start going up again.
but this up trend can be a correction for wave b of the main abc correction.
so 3.79 38.2 of wave a correction tested by the market today. next level is 3.84 at 50% and 3.89 at 61.8% if can goes up these levels we can say a sharp changing trend happen to up trend again. so we can expect 4.30 for the next target.
but i still looking for compelete c wave to complete abc correction and then enter to the game.
let see what happen by the market.
AIRARABIA trade ideas
EMIRAT ARABE AIRARABIA STILL DOWNPeriod: W1 Current trend: bearish Analysis: based on price trends, ITC, high/low volume indicators and also QQE
forecast: bearish
this share continues its fall to reach TP2 after a pullback on the institutional resistance at the round figure 2.3 with a reversed hammer the price will continue its fall until the next Order Block weekly .
I think and suggest selling this stock...
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Gap Fill Its been performing very well and its in a strong uptrend. It will fill up the gap that it created very soon which is around 1.35-1.40 zone also earnings are up and mostly the results are positive thats why big boys are buying in bulk. Lets join them highly recommended!!
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RejectionBag holders today got the chance to offload something at the top. If you have seen the video, detailed analysis on Air Arabia I had mentioned strong resistance is at 1.70-1.75 zone and we should expect a reaction in this zone. Over all in a uptrend I think have have to drop some "altitude" before it fly higher again.
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Air arabia's price action is bullishDFM:AIRARABIA broke out of the ascending triangle formation and is holding up above the break-out level. Anticipated price action and targets are shown on the chart, stop loss daily close below 1.32 AED.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Will it Fill Up The Gap?Its been performing very well, after a gap up its been in a range. There are chances it might come down to fill the gap. For now its at a very strong resistance that is around 1.57-1.60. We can already see a rejection candle on a weekly chart right at 1.57 for now its in a no trading zone. Over all in a uptrend.
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Breakout!!It was trading in a range for so many days finally it broke to the upside if this is a genuine breakout let it come back for a retest and show us some bull power so that we can buy this, we have seen previously it breaks out and again comes back in the range so lets wait for a confirmation and then enter the trade.
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Air Araibia Head & ShoulderIt was in a nice uptrend and eventually it formed a bearish patter that is H & S pattern it already broke the necking in thursdays trading session and now it has a more potential to go downside. It can come down to the support area soon & interestingly it have broken the dynamic moving average of 200ema. This looks too bearish to me. Stay away for now !!
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Air Arabia wants to fly Aviation industry is under pressure because of pandemic situation BUT as the flights are resuming now and operation starting this stock will push higher as fundamentally it will become more stronger and it is stronger. Technically it made hammer candle right at the dynamic support area which is 200 ema. Tomorrow if the market is positive this stock can go higher, nearest resistance is at 1.22 and support is at 1.17 once it crosses 1.22 more upside can be expected my first target would be 1.30. This stock is in a uptrend and making highs, I will wait for a decisive green candle tomorrow and thn take the trade to be safe.
This analysis was done on the request of a trader @mkhaggag
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Air Arabia Ready to FLYFor intraday trade i see good opportunity in Air Arabia,It touched 1.22 in todays trading session and bounced from here which is a neckline area of the breakout. Todays candle can be taken as a retest for the breakout and tomorrow it has a good potential to resume its uptrend.
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