DXB Chart, page-1243

Well, this chart isn't going to be popular as the SP has broken down below support levels. Haha, that's why I was asking for others input.

Anyway here's what's going on. Currently candles are being printed below the important Bollie median level unfortunately (white) with the tour guide yellow 8ema looking to cross below it as well. And on the lower chart, MACD has unfortunately crossed to the negative.



So, with the bad stuff out of the way, where do we see it going based off TA remembering that any decent announcement means you can put away the charts for a few sessions?
Generally when we see a chart like this the "pay attention" signals is when it tags the lower bollie and reacts to that OR on Mon/Tue it bounces back above the median indicating that late last week was just a false break. Based on the aggressive crossing of MACD, my money is on the first option but happy to take an entry either way.
Check out the candle I've circled in green, a classic entry pivot. A "stop hunt" deep wick way bellow bollies on strong volume and immediately bought up and off it went. Watching closely for something similar.

The shorter time frame charts (30min/hourly) haven't yet displayed an entry but they are our best indication in the short term for those watching intraday.



It's obviously a great stock but as per normal even those stock provide great opportunities for those with loooong positions to also take advantage of the swings as they are pretty significant.

Cheers