we have been keen observers of Moroccan real estate stocks since June 2023. after a spectacular two-year run, they have (ADH, ADI, & RDS) started showing signs of exhaustion.
ADI has formed a classic Head & Shoulder pattern signifying a potential reversal of the bullish trend. we will be looking to short once the recent retracement is complete.
bonus: ADH is also retracing after forming a double top.
ADI has formed a classic Head & Shoulder pattern signifying a potential reversal of the bullish trend. we will be looking to short once the recent retracement is complete.
bonus: ADH is also retracing after forming a double top.
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