TASITechnical
TechnicalAnalysis
Analysis
ARABIAN BOURSES | ADI
ADX
ADX
ADX
SHORT TERM
BEARISH
RECOMMENDATIONS:
RECOMMENDATIONS:
traders
LongLong
termterm
traders
strongly
bearish
MarketMarket
strongly
bearish
- No Long positions
- No Long positions
CURRENT
PR.CLOSE
CHANGE
52 W HIGH
52 W LOW
30 D ATR
40 W ATR
4274.45
4274.45
-0.55 %
4901.05
3736.95
51
118
nd,
w
Trend
er
Wave
State
SEC
LT EMA
LT MACD
ST EMA
ST MACD
IMI
RSI
ROC
Histogram OS1
ROC
OS1
nitial
s
oned
34
Medium
term traders
Long term
traders
Medium
term
traders
Market
strongly
bearishbearish
Market
strongly
- No Long positions
Market strongly
bearish
- No Long
positions
- No Long positions
Short term traders
Medium term
Waitingtraders
for a retracement
Short
termnewtraders
initiate
positions
Market stronglytobearish
- No LongWaiting
positions
for a retracement
to initiate new positions
SIGNIFICANT
LEVELS:Projection Level
S1 4250
S1
S2
Short term traders
S2 4100 Projection Level
Waiting for a retracement
Top
4600 newDaily
R1
4250
to initiateProjection
positionsLevel
R2 4800 Retracement Level
4100 Projection Level
R1
S1
R2
S2
Top
4600 Daily S1
4270
R1 4320
Projection
Level
4250
Level
48004350 Retracement
S2 4230
R2
Level
S3 4050
R34100
4380 Projection
R4 4428
S4 3935
*R-resistance; *S-support
Daily
Top
4600
R1
4320
S1 4270
R1
Retracement
4800 S2 4230 Level
R2 4350
R2
INTRADAY PIVOT LEVELS:
S3 4050
R3 4380
R4
S4
4320
S1 3935
4270
R1 4428
S2 4230
R2 4350
S3 4050
R3 4380
R4 4428
S4 3935
*R-resistance; *S-support
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"Long and medium term traders continue to be neutral while
trend characteristics remain Bearish. Only a medium term
www.wealth-monitor.com | April 2016
Source: Tradepedia: Data as on March 29, 2016
a medium term reversal above Daily
Weekly charts continue to reflect a
strong downtrend, with the market
top at 4600 would postpone the
correction finding resistance below
decline and allow for medium term
4600.
long positions. Bearish momentum
Momentum in the medium has
is expected to return towards a
turned Bearish after the upwards rally
deeper correction, as long as the
reached exhaustion below the 4600
market remains