EAND – Gaining Momentum for the Next Move
Etisalat Group appears to have bottomed, establishing a key accumulation range between 15.74–18.58 AED. Price is currently playing within this range, building a solid base after a prolonged downtrend.
If Etisalat breaks above the 18.58 AED resistance with strong volume and follow-through, it opens the door to a clean upside move toward the next key levels:
The structure is tight and range-bound, but the market sentiment shows early signs of strength. A breakout from this base would confirm a shift in trend and could trigger a mid- to long-term bullish leg.
📌 Risk management: The 15.74 AED level serves as the invalidation zone. As long as price holds above it, bulls remain in control of the setup.
If Etisalat breaks above the 18.58 AED resistance with strong volume and follow-through, it opens the door to a clean upside move toward the next key levels:
- T1: 20.14 AED
- T2: 22.24 AED
- T3: 25.88 AED
- T4: 28.70 AED
The structure is tight and range-bound, but the market sentiment shows early signs of strength. A breakout from this base would confirm a shift in trend and could trigger a mid- to long-term bullish leg.
📌 Risk management: The 15.74 AED level serves as the invalidation zone. As long as price holds above it, bulls remain in control of the setup.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.