Abu Dhabi Real Estate Sector is Bullish, Accelerating Momentum after Breakout

    • After breaking below the neckline of the Double top pattern, the index experienced a significant correction.
    • Following a bounce off the 7,300 support level, FADREI started to climb but continued to form lower highs.
    • Upon surpassing the trendline resistance, the index began to climb, establishing higher highs and higher lows.
    • Thanks to this momentum, FADREI successfully broke through its previous resistance and maintained its position above the breakout zone.
    • As long as the index stays above the 9,400 level, market sentiment is expected to remain bullish.

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