A Weekly bounce may result in a Daily Breakout
EmiratesNBD is bouncing off support in the Weekly chart.
And in daily we have some attempt for a possible breakout.
A classic breakout and a retest should be observed before attempting to get long.
We are just playing bounces and it is hard to tell if we will witness a reversal in the overall bearish trend.
Daily Chart
MACD and RSI are showing us a nice divergence in H2 Chart
And in daily we have some attempt for a possible breakout.
A classic breakout and a retest should be observed before attempting to get long.
We are just playing bounces and it is hard to tell if we will witness a reversal in the overall bearish trend.
Daily Chart
MACD and RSI are showing us a nice divergence in H2 Chart