EAND, ADX, to test support line at 20.8 and rebound to 23.3
EAND, AbuDhabi,
On the daily chart, the stock is moving down towards the bottom channel support line, at 20.9 - 20.8
The buying power should appear at this level, to rebound to 23.3, build support, then target 25.4
Above 25.4 with large volume will push the stock to target 29.6
Note: STOP loss at the bottom support red line with 2-3% buffer or high volume.
On the daily chart, the stock is moving down towards the bottom channel support line, at 20.9 - 20.8
The buying power should appear at this level, to rebound to 23.3, build support, then target 25.4
Above 25.4 with large volume will push the stock to target 29.6
Note: STOP loss at the bottom support red line with 2-3% buffer or high volume.
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