ADIB: Ascending Triangle Testing Key SupportAbu Dhabi Islamic Bank-EgyptEGX_DLY:ADIBsnour🎯 Idea Overview ADIB (Abu Dhabi Islamic Bank - Egypt) Daily Chart Current Price: 46.82 Bias: Bullish Neutral (Consolidating within a tightening range) 🔍 Technical Analysis Chart Pattern: The stock is navigating an ascending triangle structure. It is currently testing a crucial ascending support trendline (solid red line labeled "Stop Loss") after rejecting the horizontal resistance near 50.00. Price Action: The recent candle shows a pullback to 46.82, bringing price into a high-confluence zone where the dynamic trendline must hold to maintain the bullish structure. MACD: The blue line is currently crossing below the signal line, and the histogram has turned red, indicating a short-term bearish momentum shift during this consolidation. RSI (14): Currently at 52.20. It is hovering just above the neutral midpoint, reflecting a loss of immediate strength but remaining in bullish territory for now. 🛠️ Trade Setup Entry Zone: 46.00 – 47.00 (Near the dynamic support trendline) Target 1: 50.00 (Psychological resistance and triangle ceiling) Target 2: 53.50 (Projected breakout target based on triangle height) Stop-Loss: 44.50 (Daily close below the ascending red trendline)