Weekly chart, the stock 
ADNOCDRILL has been trading in a rising channel since March 2022.
The current price is near the upper channel's boundary (resistance line R).
So, either a breakout around 4.85 - 4.90, or a rebound.
Closing below 4.40 for 2 weeks, will push the price downwards.
Above the resistance line for 2 weeks, the target will be 6.05 - 6.10
ADNOCDRILL has been trading in a rising channel since March 2022. The current price is near the upper channel's boundary (resistance line R).
So, either a breakout around 4.85 - 4.90, or a rebound.
Closing below 4.40 for 2 weeks, will push the price downwards.
Above the resistance line for 2 weeks, the target will be 6.05 - 6.10
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.