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Chartoholic

ADNOCDIST is getting ready to breakout

Long
Abu Dhabi National Oil Company For Distribution (ADX:ADNOCDIST)  
Chartoholic Aggiornato   
ADX:ADNOCDIST   Abu Dhabi National Oil Company For Distribution
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
ADNOCDIST is approaching a breakout level at 3.74 AED which is neckline of the a double bottom and above the 200 MA. Either long the break out with stop daily close below the 50 MA or enter at 3.65~3.66 AED if the stock rejects from 200 MA with a tight stop daily close below 50 MA.
Not financial advice, my view only
Commento:
Rejection from 200MA as expected, we can probably get in at 3.62 AED
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