eresEzdan Holding GroupQSE:ERESQQQQ9999🔹 Chart Structure The chart shows a long downtrend since 2017, followed by a prolonged base around 0.80–1.00 QAR. Recently, the stock formed a rounded bottom (cup-like pattern), suggesting accumulation and a potential trend reversal. Price is now testing the 1.25–1.30 QAR zone, which aligns with the 200-week moving average (blue line) — a key resistance area. 🔹 Moving Averages 50-week MA (orange) has started to turn upward, showing early bullish momentum. 200-week MA (blue) remains above price but is being challenged. A confirmed golden cross (50-week MA crossing above the 200-week MA) would strengthen the bullish outlook. 🔹 Key Levels Support: 1.10–1.15 QAR (previous breakout and near the 50-week MA). Immediate Resistance: 1.30–1.35 QAR (current barrier). Next Target Zone: 1.50–1.60 QAR (cluster of past highs, marked with green arrows). Long-term Resistance: 1.80 QAR and above.