ALDAR is consolidating and getting ready to post some modest gain. As the risk to reward ratio is not attractive, I prefer to enter now with a strict stop daily close below 5.1 AED and target 5.4 AED. The stocks need to clear the red zone to start changing its downward trend.
P.S. Not a financial advice, just my own views
Trade closed: target reached
Target reached, its healthy to see a small pullback before we clear the red zone
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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.