The stock is in a downward channel, reflecting a long-term bearish trend. It is currently near the lower boundary of the channel (support around AED 1.98), a potential reversal point. A breakout above AED 2.40 (upper channel line) would confirm a bullish trend reversal. Watch for increased volume and bullish candlestick patterns for confirmation of a rebound. Upcoming earnings report in 44 days could act as a catalyst. Strategy: Short-term traders can consider entry near support with a stop-loss below it, while long-term investors should wait for a breakout.
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