SHUAA0.456 was the end of the first wave
After that the stock descended in a second main wave as a sharp and deep zigzag ( now n C wave) whose target is around the 0.35 - 0.36 area after whitch the stock will ascend in the main third wave
(we will determine its target after ensuring of the end of second wave)
This analysis fails if only the 0.34 bottom is broken
SHUAA trade ideas
Shuaa Capital , Insight into the company's shares!We closely monitor the stock's movements that suggest close moves . It is expected to be positive by 51%, and the confirmation of the negative trend change is Exceeding the levels of 40 and stability above it.
Target : from 48 to 55 in the medium term.
SHUAA Capital is showing bullish price actionDFM:SHUAA is set to target 0.739 - 0.75 AED and then 0.8 - 0.82 AED once it breaks out above 0.66 AED. Stop level daily close below 0.57 AED.
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This is only my own view and not a financial advice, do your own analysis before buying or selling
Happy Trading!