Potential Rebound on Abu Dhabi Aviation – Technical Setup Near K

Technical analysis for Abu Dhabi Aviation (ADX:ADAVIATION)

The stock is currently trading near a strong support zone between 5.48 and 5.60 AED, a level that previously triggered a sharp bullish move.

With selling momentum weakening and price stabilizing, there’s a potential for a new bounce if bullish confirmation appears.

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Key Technical Highlights:
• Fibonacci retracement from 5.48 to 6.64 shows price hovering near the 78.6% level – a classic reversal zone.
• RSI is in neutral territory, suggesting balanced momentum.
• MACD is flattening, with a possible bullish crossover building up.
• Volume Profile shows significant accumulation around 5.60 AED.

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Bullish Scenario:

If the stock breaks above 5.98 AED, this may trigger a move toward:
• 6.16 AED
• 6.40 AED
• Potential extension to 6.70 AED

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Bearish Scenario:

A confirmed break below 5.48 AED would invalidate the bullish setup.

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Disclaimer: This is not a buy or sell recommendation. This analysis is for educational and informational purposes only.

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