Multiply Group (ADX) – Bearish Divergence Ahead, Stay Cautious!

Greetings Traders,

A bearish divergence has appeared on the Multiply (ADX) daily chart — time to stay alert!

Key Observations:

• RSI shows a bearish divergence, signaling possible short-term weakness.
  
• High volumes recently indicate strong participation — a good sign for future momentum.
  
• Price action may move sideways, consolidate, or even push slightly higher before a decisive move.
  
• The buy zone is above the last higher-high (≈ AED 3.45) with confirmation from strong volume.
  
• Stop Loss: around AED 2.75 (below last low).
  
• Take Profit: near AED 4.15, aligning with the upper target projection.
  

💡 Strategy: Wait and observe the divergence play out. Enter only on confirmed breakout with volume confirmation. Manage risk with tight stop-loss levels.

Happy Trading & Stay Disciplined!