NMDC, ADC, accumulating to target 36
NMDC, ADX, Abu Dhabi
On the daily chart, the stock is building a support in the zone 18 - 21
Once the 21 level is crossed with high volume, the uptrend will be targeting 36, passing through some resistance levels as shown on the chart.
The technical indicators RSI and MACD are positive to start buying gradually while monitoring the breakout of 21.
Stop loss at 18 - 17 to be considered.
On the daily chart, the stock is building a support in the zone 18 - 21
Once the 21 level is crossed with high volume, the uptrend will be targeting 36, passing through some resistance levels as shown on the chart.
The technical indicators RSI and MACD are positive to start buying gradually while monitoring the breakout of 21.
Stop loss at 18 - 17 to be considered.
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