Technical 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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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.
⸻
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.
⸻
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
⸻
Bearish Scenario:
A confirmed break below 5.48 AED would invalidate the bullish setup.
⸻
Disclaimer: This is not a buy or sell recommendation. This analysis is for educational and informational purposes only.
⸻
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.