ADNOCDIST is getting ready for a bull run

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ADNOCDIST consolidated above the 50 and 200 MA for the past month creating a diamond continuation pattern and seems to be ready for a bull run soon. Anticipated price action and targets are shown on the chart, stop loss daily close below 3.55 AED.

٤ أكتوبر ٢٠٢٤

ملاحظة

Deducting the dividends, our stop is now at 3.45 AED, however, given the current geopolitical tension, it is better to close the trade at breakeven @3.57~3.58.