Abu Dhabi Stock Exchange
One of the best stock market in the middle east which is performing very good and in a solid defined up trend. Did you miss the biggest moves in ADX Abu Dhabi? don’t worry there is more to come ADX is very Bullish!! Its very good time to invest in Abu Dhabi Stock Exchange.
ADX Index Today
Abu Dhabi Stock Exchange Index today is at 9635.66 as I write this blog. Most of the stocks are trending higher. ADX index hit all time high of 9748.50 and its gearing up to break the resistance of all time high and I am very positive it will very soon cross 9800 level. If you would like to open a FREE trading account in Abu Dhabi Securities Exchange – سوق ابوظبي للاوراق الماليه click here.
If you missed the big moves earlier dont make the same mistake again, invest in Abu Dhabi Stock Exchange as there are many new opportunities coming up!!
Lets Talk Technical
Looking at the chart we can clearly see a defined up trend, after hitting the resistance area of 9748 its just hovering around and getting ready to move up again make a new all time high. ADX Abu Dhabi have got 2 important long term support zone which are marked in the chart above.
- First Support at 9200 zone
- Second Support at 9000 Zone
Yes there are many more support zones near the current price action 9521.28 which is currently holding. Looking at the Crude Oil Price which is also flying higher and surely Abu Dhabi will benefit as its a exporter of OIL which will effect positive for the UAE Economy. Also we can see 20 day moving average is supporting the Index so there are chances market my come down a little to rested this dynamic support (20 EMA) I think ADX Abu Dhabi will fly higher specially ADNOC stocks.
I had posted my analysis on Crude Oil if you have missed that click here.
Over all to summarize I think ADX is on a Bull run and I would surely recommend everyone to invest and ear profits. But please learn how to trade in Abu Dhabi Stock market if you want to learn how to read the charts like a professional and trade join my course about stock market and make profits. Without proper education and knowledge you may lose big money in stock markets or any financial markets.
If you would like to read some books on stock markets click here.
This article is purely for educational purpose please do your own research before investing in Adx Abu Dhabi – سوق ابوظبي للاوراق الماليه
All The Best!!