EMIRATES NBD BANK
Long

A Weekly bounce may result in a Daily Breakout

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EmiratesNBD is bouncing off support in the Weekly chart.


snapshot

And in daily we have some attempt for a possible breakout.

A classic breakout and a retest should be observed before attempting to get long.

We are just playing bounces and it is hard to tell if we will witness a reversal in the overall bearish trend.

Daily Chart

snapshot

MACD and RSI are showing us a nice divergence in H2 Chart

snapshot

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