Bank of Sharjah (ADX: BOS) Long- bounce from DZ Post-Breakout

Asset: Bank of Sharjah (ADX: BOS)

Timeframe: 2H Heikin Ashi

Bias: Bullish bounce from key Demand Zone + Trend breakout

Entry Zone: Around 1.38–1.42 (current bid: 1.41)

Stop Loss: 1.34 (below structural support)

Take Profit: 2.22

RRR (Risk/Reward): ~10.0

Target Gain: +56.34% (from entry)

Potential Drawdown: -5.63%

Technical Breakdown

Trend: Long-term ascending wedge breakout confirmed. Pullback to structure = healthy.

Demand Zone: Clear support zone at 1.38 tested and defended.

💼 Trade Management

Max Risk: 1–3% of capital. SL tightly below 1.34 support.

Management Tip: Move SL to BE near 1.59 minor resistance break.

Scaling: Consider adding on break and hold above 1.74 resistance.

Performance: Explosive rally from ~0.6 to 1.74 (200%+ in months). Healthy pullback now.

Last earnings & news showed strong momentum in UAE banking sector.

Macro: UAE banking stocks bullish amid local economic optimism and rate cycle peaking.

“Opportunities come infrequently. When it rains gold, put out the bucket.” –

⚠️ Disclaimer: All setups involve risk. Use proper risk management based on your capital and plan.

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