ADSB, ADX, 1H, Demand Zone Bounce into Supply TestAbu Dhabi Ship Building Co.ADX:ADSBMESHANL* ADSB traded sideways through most of 2023 and early 2024, building a long-term base. * In early 2025, price broke out aggressively from the **Daily ascending channel**, triggering a vertical rally into the 8.90–9.00 area before a sharp pullback. * Current structure is consolidating inside a **local Demand Zone (7.88–8.00)**, sitting at both horizontal support and the lower bound of the recent breakout zone. * This demand zone is also reinforced by the **Daily channel midline**, acting as a trend continuation pivot. * Nearest overhead **Supply Zone** is at **8.91–8.94**, where prior rally stalled. * Structure suggests that if buyers defend the current level, we could see a retest of the Supply Zone followed by a push toward **9.70**. **Supply & Demand Zones:** * **Demand Zone (Buy area):** 7.88–8.00 * **Supply Zone (Sell area):** 8.91–8.94 **Trade Idea:** * **Entry:** 7.90 (Trendline Breakout) * **Stop Loss:** 7.48 (below last high) * **Take Profit:** 9.70 (Daily channel resistance & measured move target) * **Risk/Reward:** ≈ 1:4.5 **Trade Management:** * Move SL to BE once price clears 8.94 Supply Zone with conviction. * Scale partials at 8.94 before holding runners toward 9.70. **Risk Management:** * Max \$ risk = 1–3% of account equity. * Avoid oversized positions — sharp pullbacks are common in low-float ADX stocks. > “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” – Warren Buffett **Disclaimer:** Not financial advice. For educational purposes only.