Burjeel Abu Dhabi : Watch for a new buy entry

Weekly chart, the stock BURJEEL is on a downtrend since Nov. 2023.
Yet no solid signal of a rebounce.
However, it should start as soon as the price reaches the support level of 2.11.
It can even be earlier at 2.17 as the technical indicator RSI is near "buy" zone.

A close for 2 weeks below 2.11 should be a stop loss signal.

So, the new Buy should be after a clear rebound from the support, then the targets will be 2.4, 2.6 and 2.8 extended to 3.10




ADXBURJEELTechnical IndicatorsTrend Analysis

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