ADPORTS Added To The Index
With more and more listings joining ADX Market the index is gaining momentum, we are seeing more trades, more volumes and more participants in the market.
As we can see as of now ADX Market Index is hovering around 8840 level and the immediate resistance is around 8860 levels. A strong support is around 8700 that is psychological and technical support level. Something very important to notice here is that market have spent around 15 days right at the support level and then it have move to the upside, which means 8700 is validated and support is confirmed. I am very positive market will cross the resistance and retest the upper level that is around 9000 – 9100 points.
Stocks To Watch
Many good opportunities in Abu Dhabi Securities Exchange, below are my stocks that I am currently “stalking”
- International Holding Company – IHC
- First Abu Dhabi Bank – FAB
- Abu Dhabi Islamic Bank – ADIB
These are the few stocks that are looking very good for short term trading opportunities. Please do your own research and analysis before making any investment decision.
If you still didn’t open a account to invest in Abu Dhabi Stock Exchange click here its free.
If you have any questions please feel free to comment below and I shall get back.