Daily chart, the stock ADNOC GAS is trading between support and resistance lines since mid June 2023.
A Triangle chart pattern is being formed - After the price clearly crosses the resistance line (BLUE), around 3.15 - 3.16, then the target will be 3.82, passing through some resistance levels as shown on the chart.
ENTRY #1: BUY at touching the support line (RED) around 3.02 - 3.03 and rebounding.
Stop Loss below 3.00
ENTRY #2: BUY after clear crossing of resistance line (closing 2 days above / or one day and high volume)
Stop loss after breaking down resistance line.
A Triangle chart pattern is being formed - After the price clearly crosses the resistance line (BLUE), around 3.15 - 3.16, then the target will be 3.82, passing through some resistance levels as shown on the chart.
ENTRY #1: BUY at touching the support line (RED) around 3.02 - 3.03 and rebounding.
Stop Loss below 3.00
ENTRY #2: BUY after clear crossing of resistance line (closing 2 days above / or one day and high volume)
Stop loss after breaking down resistance line.
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