Burjeel Abu Dhabi : Watch for a new buy entry
Weekly chart, the stock 
BURJEEL is on a downtrend since Nov. 2023.
Yet no solid signal of a rebounce.
However, it should start as soon as the price reaches the support level of 2.11.
It can even be earlier at 2.17 as the technical indicator RSI is near "buy" zone.
A close for 2 weeks below 2.11 should be a stop loss signal.
So, the new Buy should be after a clear rebound from the support, then the targets will be 2.4, 2.6 and 2.8 extended to 3.10
BURJEEL is on a downtrend since Nov. 2023. Yet no solid signal of a rebounce.
However, it should start as soon as the price reaches the support level of 2.11.
It can even be earlier at 2.17 as the technical indicator RSI is near "buy" zone.
A close for 2 weeks below 2.11 should be a stop loss signal.
So, the new Buy should be after a clear rebound from the support, then the targets will be 2.4, 2.6 and 2.8 extended to 3.10
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.