Qatar German For Medical Devices
Long

QGMD

98
1. Monthly Chart (top-left)

Current price is around QAR 1.72 – 1.80.

Long-term trend has been bearish, but the stock seems to be forming a base and gradually moving higher.

Major long-term resistance sits at QAR 3.17.

2. Weekly Chart (bottom-left)

The 200-week moving average (blue) is close to the current price → a strong resistance test.

A confirmed breakout above the 200-week MA would strengthen the bullish case.

The 50-week moving average (orange) is turning upward, signaling improving momentum.

3. Daily Chart (right side)

The stock broke above a downtrend line (red) and is now holding above it, showing a bullish breakout.

The projected short-term target is around QAR 2.00 – 2.05, based on the rising channel.

MACD indicator is positive, supporting continued bullish momentum.

Key Levels

Nearest Support: QAR 1.60 – 1.65

Short-term Resistance: QAR 2.00 – 2.05

Long-term Resistance: QAR 3.17

Aviso legal

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