A Weekly bounce may result in a Daily Breakout

EmiratesNBD is bouncing off support in the Weekly chart.



And in daily we have some attempt for a possible breakout.

A classic breakout and a retest should be observed before attempting to get long.

We are just playing bounces and it is hard to tell if we will witness a reversal in the overall bearish trend.

Daily Chart


MACD and RSI are showing us a nice divergence in H2 Chart