With the same analysis as ADNOC Gas
I think Dana Gas has also ended its decline
Firstly-
The target of the Failure Swing pattern has been reached.
secondly-
The stock has reached a very strong support area of 80 and is trading around it without a clear break except imaginary wicks that quickly push the price above the support.
Third-
The intersection of the MACD averages has completed positive and the histogram has shifted to the positive area, declaring not only the increase in buying forces, but also their dominance over selling forces.
Fourthly-
The RSI broke the downtrend line.
I think Dana Gas has also ended its decline
Firstly-
The target of the Failure Swing pattern has been reached.
secondly-
The stock has reached a very strong support area of 80 and is trading around it without a clear break except imaginary wicks that quickly push the price above the support.
Third-
The intersection of the MACD averages has completed positive and the histogram has shifted to the positive area, declaring not only the increase in buying forces, but also their dominance over selling forces.
Fourthly-
The RSI broke the downtrend line.